📈 Today's global gold prices
Gold prices saw a slight decline in today's trading, with the price of an ounce on the global market reaching around $3,398 , down about $3 from yesterday's close.
Despite this slight decline, gold is still maintaining its significant gains from the beginning of the month, when it approached $3,534 per ounce, supported by geopolitical tensions and the imposition of tariffs.
🔍 Factors affecting gold movement
- Global political tensions are increasing demand for gold as a safe haven.
- The US Federal Reserve's monetary policies influence price movements through interest rates.
- Changes in exchange rates increase gold volatility in local markets.
📊 Future outlook
Positive Outlook: Goldman Sachs expects gold to continue rising, potentially reaching $3,700 to $4,000 per ounce by the end of the year.
More cautious outlook: Citi has a different view, seeing prices between $3,300 and $2,800 in the medium term, suggesting a potential price decline.
💡 Summary
Gold remains a strategic investment, especially during times of economic and political uncertainty.
Daily monitoring of price movements helps you make more accurate buying or selling decisions, as you can do through the Diwan Al-Dhahab screen.
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