INSUBCONTINENT EXCLUSIVE:
Gold prices climbed for the third straight session as investors sought safe-haven assets amidst growing market uncertainties
The February gold futures contract rose 0.68% to $2,690.80 per troy ounce on the Comex division of the New York Mercantile
Exchange.Investors flocked to gold as a hedge against market volatility
However, cautious statements from Federal Reserve officials about monetary policy and potential tariff increases by United States
President-elect Donald Trump limited the gains.LHMeyer analysts note that economists and investors widely agree the Fed will not cut rates
Geopolitical factors also influenced the market
Amid Geopolitical Uncertainties
(Photo Internet reproduction)European partners interpreted this as a sign that his administration might not immediately abandon support for
The uncertainties surrounding potential United States tariff hikes are fueling risk sentiment, further supporting gold prices.Investors
view gold as a safe haven during times of economic and political uncertainty
As global tensions persist and monetary policies remain uncertain, gold continues to attract investors seeking stability.The precious
