Gold has had a strong year so far, experiencing an impressive rally of 11%. It has managed to maintain prices above the $2,300 per ounce mark despite a previous lack of significant interest in the precious metal. There has recently been a noticeable sentiment shift among investors, particularly money managers and hedge funds, who are increasingly focusing on gold.
Early trading on Monday saw the gold market exhibit some volatility, with prices hovering around current levels as market participants sought clarity on the next direction. This period of consolidation has been viewed as an opportunity for short-term pullbacks and advantageous buying opportunities within a market that has shown resilience and bullish tendencies over an extended period.
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Credit: Liberty and Finance
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