The gold market is experiencing a strong rebound as prices break through key resistance levels, reaching up to $5070 per ounce, highlighting sustained demand for the precious metal.
Why Is the Gold Price Rising?
- Increasing global macroeconomic uncertainty
- Central banks continue to add to gold reserves
- A temporary retreat in the US dollar index
This rally in gold prices reflects not only market risk aversion but also gold's unique position as a traditional safe-haven asset.