- The price of Gold rebounds to $2,000 per troy ounce, recovering from daily lows of $1,976.97.
- Escalation of the conflict in the Middle East and expansion of Israeli military operations in Gaza.
The price of Gold finally broke the barrier of $2,000 per troy ounce on Friday amid increasing geopolitical risks, as the conflict between Israel and Hamas is about to spread to more countries in the region. At the time of writing these lines, the pair XAU/USD was trading at $2,000, after the yellow metal rebounded from daily lows of $1,972.12.
XAU/USD Reaches Major Milestone, Buoyed by Middle East Conflicts and Weakening US Dollar
The escalation of the conflict in the Middle East keeps investors in suspense. Israel expands ground operations in Gaza, changing market sentiment…
News in development, more to come…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
