INSUBCONTINENT EXCLUSIVE:
Gold closed with a strong increase of 1% on the first trading day of 2025, driven by a robust demand for security
Analysts highlight ongoing uncertainties in the global economy and geopolitical tensions, which fuel interest in the precious metal.On the
Comex division of the New York Mercantile Exchange (Nymex), gold for March delivery rose by 1.06%, reaching $2,669.00 per troy ounce.Joseph
He suggests that the metal will likely achieve greater gains amid persistent global uncertainty, central bank purchases, and demand for safe
(Photo Internet reproduction)Dahrieh believes this scenario will outweigh potential headwinds, such as the strength of the U.S
dollar and adjustments in the pace of interest rate cuts by the Federal Reserve (Fed).In a report, Deutsche Bank notes that gold experienced
its largest annual gain since 2010 last year
This surge resulted from concerns about political uncertainty in Europe, escalating conflicts in the Middle East, and delays by central
banks in initiating monetary policy easing.
