INSUBCONTINENT EXCLUSIVE:
Gold prices soared to a new record for the third consecutive day on February 5, 2025
Global economic uncertainties drove investors to seek refuge in gold
high of $2,906.00 per troy ounce
This surge comes amidst United States PMI readings and a growing trade deficit, which led to falling Treasury yields and a weakening
dollar.However, in the last five hours, gold prices fell to $2,845.00 per troy ounce
This decline suggests investors took profits after the recent rally
SPDR Business predicts gold could surpass $3,000 per ounce this year due to geopolitical risks and monetary policy shifts.Gold Hits Record
Highs Before Sharp Decline on Debruar 5, 2025
(Photo Internet reproduction)TD Securities maintains an optimistic view, noting the stability from Shanghai traders who bought 2.8 tons of
role as an economic bellwether, highlighting the tension between short-term market corrections and long-term geopolitical uncertainties.
