Gold's Upward Momentum Continues Amid Global Economic Uncertainty Gold ended a three-week losing streak with a rally on Friday, despite the strong US dollar and political unrest in Europe, which bolstered its appeal as a safe-haven asset. Technical analysis suggests that gold is in a consolidation phase, with strong support at $2300. The Bank of Japan’s bond purchase policy and potential future interest rate cuts by the US Federal Reserve could further boost gold prices. Despite a slight pullback at the start of this week, gold remains a preferred hedge against inflation. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Central Banks' Gold Reserves Grow for Ninth Month Despite Slowdown READ MORE Gold vs. Bitcoin Investments [Debating the pros & cons] READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE Decoding the Drivers Behind Bullion's Sudden Ascent READ MORE Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment