Gold Confuses Investors on Timing

The global gold ounce price recorded a decline of 0.9%, reaching its lowest level at $4,039. It opened trading at $4,075 per ounce amid renewed geopolitical tensions and increased military strikes between the United States and Iran, which led to the drop in prices. Nevertheless, gold trading remains above the psychological level of $4,000, with the price attempting to test the $4,100 per ounce mark. Investors are considering buying with part of their liquidity due to expectations of a US interest rate hike.

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