Source: 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.
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