[MARKET UPDATE] Gold resumes upside in early Asia-Pac trade with the precious metal up around 1% and approaches closer towards the USD 5,000/oz level
Newsquawk Staff ·
Gold resumes upside in early Asia-Pac trade with the precious metal up around 1% and approaches closer towards the USD 5,000/oz level.
What it means
Gold's 1% rise in early Asian trading suggests renewed demand, possibly driven by safe-haven buying amidst economic uncertainty. Approaching the USD 5,000/oz level could attract further buying interest, as traders assess the implications for inflation and currency movements, particularly the USD's strength.
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