- Gold steady at $2,660 per ounce
- Geopolitical tensions heighten safe-haven demand
- Biden’s remarks on Israel and Iran raise concerns
- Strong labor data tempers gold’s upward momentum
- 67% chance of 25 bps rate cut in November
Gold remains steady at approximately $2,660 per ounce, sustaining its record levels as its status as a safe-haven asset was heightened by increasing geopolitical tensions.
Market participants are closely observing developments in the Middle East, particularly after US President Biden refrained from explicitly condemning the…
