GOLD: Safe-haven to Stay
$Gold - main 2504(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Monday (March 24) Asian morning trading, spot gold narrow oscillation, currently trading at 3025.54 U.S. dollars near. Gold prices fell 0.7% on Friday, due to a stronger U.S. dollar and profit-taking, the plate once touched the 3000 round number mark, but the lingering geopolitical and economic uncertainty, coupled with the Federal Reserve's expected interest rate cuts, the price of gold is still subject to the low buyers and safe-haven buyers to support, on Friday, the price of gold closed at $ 3023.04 near the weekly rise of 1.17% for the third consecutive weekly rise.
Survey shows that most analysts and retail investors still tend to bullish gold price trend in the coming week.
Traditionally, gold is seen as a safe investment in times of geopolitical and economic uncertainty, and typically performs strongly in low interest rate environments. This year, gold has hit 16 all-time highs, reaching an all-time high of $3,057.21 an ounce on Thursday.
‘The market is taking a little breather. There is some profit-taking at current price levels and a stronger dollar,’
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