Gold hovers near fresh record, silver at highest since 2012. Why? Uncertainty
Bloomberg
Oct 22, 2024 8:45 AM IST
Gold retreated after hitting a record high, buoyed by Middle East tensions and US election uncertainty. Profit-taking followed 4-day rally, seeing haven demand.
Gold's record highs were driven by geopolitical tensions and US election concerns, but profit-taking led to a decline. Silver briefly rose to a 2012 high before retreating. Central bank buying and anticipated rate cuts are fueling gold's rally amid increasing investor interest.
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