Gold Rebounds Amid Geopolitical Tensions

어제

Gold prices managed to gain some positive traction early Monday, hovering below the $2,600 mark, snapping a six-day losing streak. Heightened geopolitical risks stemming from the Russia-Ukraine conflict bolstered the appeal of the safe-haven metal, while softer demand for the US Dollar added further support.

Market expectations of a less aggressive rate-cutting stance by the Federal Reserve, coupled with rising US Treasury yields, may cap additional gains for the USD. This shift provides gold with a favorable backdrop for a continued short-term recovery, as investors weigh the evolving risk landscape and economic indicators.