November 7, 2024
Gold Investing

Gold prices hold steady amid economic uncertainty: Should you invest now

Gold prices remained stable on Monday, August 5, as profit-taking balanced against expectations of a US Federal Reserve rate cut. Concerns about a potential US recession also influenced market sentiment. Spot gold held at $2,443.44 per ounce as of 0335 GMT, after an earlier 1% drop. US gold futures rose 0.7% to $2,485.80, according to

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