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Gold Observatory: Upward trend may correct amid volatility by 2026
Gold prices have risen in both the local and global markets due to declining yields on U.S. Treasury bonds and expectations of a pause in interest rate hikes, coupled with increased demand for safe havens amid geopolitical tensions. The price of a 21-carat gold gram has increased by approximately 40 pounds, reaching 6,640 pounds, while the ounce has risen to $4,643, marking the third consecutive week of price increases. However, analysts expect the market to experience volatility, and that the current gains could be followed by significant corrections, with price fluctuations likely to continue until the end of 2026.
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