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 56% of Americans Unable to Cover $1,000 Emergency Costs READ MORE FTX Alum Buys Titanic's Gold Watch for Record $1.5 Million READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE Zimbabwe's ZiG: ZiG Used to Pay for 40% of Transactions READ MORE Wall Street Weighs Impact of Biden-Trump Rematch on Financial Markets READ MORE Add a Comment Cancel replyYour email address will not be published.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