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Safe havens have never been more in demand and nowhere has this been better embodied than in gold’s performance in 2023.
Gold fell 2.8 per cent last week, logging its worst week in more than a month, as Fed Chair Jerome Powell's hawkish remarks pushed back any notion about interest rate cuts.
The price of the precious metal has fallen with the US Fed sending signals that it has finished raising rates
Safe haven demand for gold remains high amid fears of further geopolitical uncertainty
Gold prices dipped in today's trading as investors braced for future market signals amid the ongoing Israel-Hamas war.
Gold prices have stabilised after a nine-day losing streak which saw the precious metal slide on the spot market amid rising bond yields.
Gold prices have failed to revive in this morning's trading, with investors awaiting the mood music from a key central bank summit later this week.
Gold prices have weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal.
Gold demand has been bolstered record buying from central banks over the first six months of trading this year.
Silver prices have remained robust in trading this week as investors believe that the US Federal Reserve's inflation fight is coming to an end.
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