Barclays: Gold set for recovery

Barclays Bank forecasted that the price of gold will rebound after a sharp decline during the Iran war, considering the drop as a market correction. Although gold rose to $4,375 per ounce after increasing about 3.2% on Monday, it is still more than 20% below its peak in January. The bank sees an opportunity for the metal to recover in the future, based on factors such as inflation and unstable fiscal policies, even though the war impacted gold's status as a safe haven due to the availability of interest-yielding assets.

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