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Home Business News Gold prices hit new high as geopolitical tensions provide support

Gold prices hit another record high as heightened geopolitical tensions increased safe-haven demand.

In the Middle East, Israel launched a ground operation in Gaza, raising investorsโ€™ concerns. At the same time, the U.S. continued targeting Houthi positions in Yemen.

If tensions escalate further, gold could maintain its bullish momentum and potentially reach new all-time highs.

Meanwhile, in Eastern Europe, diplomatic efforts between Russia and Ukraine gained attention after talks between US President Donald Trump and Ukrainian President Volodymyr Zelensky.

While progress could boost investor sentiment and reduce demand for gold, uncertainty over Russian President Vladimir Putinโ€™s next moves may keep markets on edge.

On the economic front, despite yesterdayโ€™s Fed Chair Jerome Powell’s cautious remarks, expectations of further rate cuts this year continue to favor non-yielding assets like gold.

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