Gold Keeps Rebounding As China's Buying Spree Helps Fuel the Rally

Fuente: International Business Times

The gold rally marks a significant turnaround for an asset that had struggled following the outbreak of the war with Iran, despite gold's traditional reputation as a haven during periods of geopolitical uncertainty. Getty Images Gold prices have rebounded over the past weeks, reversing a sharp wartime slump as cooling inflation expectations, a more dovish outlook for the Federal Reserve and a surge in Chinese buying breathe new life into the precious metal. Gold rose to $4,465 an ounce on Wednesday, its highest level in more than two months, before declining slightly on Thursday.