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 Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas READ MORE Beware of Synthetic Gold! READ MORE Inflation Has Shifted How Everyday Americans View the Economy READ MORE GoldSilver Infographic: History of Money and Currency in the USA READ MORE Revolutionary Tax Reforms: Oklahoma and Missouri to Redefine Gold and Silver? READ MORE Add a Comment Cancel replyYour email address will not be published.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