Gold opens at three-month high
Gold prices continue to rise, reaching their highest level in over three months, supported by a decline in the dollar and expectations of its rise to $4,900 by the end of the year, according to Goldman Sachs forecasts. This comes as investors await U.S. inflation data and the Federal Reserve Chair’s speech, with demand for gold increasing as a safe haven amid geopolitical tensions, especially as some central banks, like the Polish central bank, bolster their gold reserves.
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