Gold prices continue to increase

Zaktualizowano
Gold recovers its upward momentum on Friday and halts the decline seen earlier from its two-week high.

The defensive stance of the USD bulls, due to retreating US bond yields, provides support to the XAU/USD pair.

However, the possibility of the Fed implementing stricter policies in the future may limit any additional gains for the commodity.
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Uwaga
The price of gold surged to its highest level in over two weeks on Friday.

Bulls regained control after a brief pause on Thursday, which was triggered by a temporary drop caused by higher-than-anticipated US inflation in September.
Uwaga
The commonly held belief that the Federal Reserve's period of tightening monetary policy is coming to a close counteracts the potential stronger effect caused by high consumer prices in September.

This provides additional support to gold, which is already being bolstered by heightened demand for safe-haven assets due to growing uncertainty surrounding the ongoing crisis in the Middle East.
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