💨 Abstract

Gold prices stabilized on Tuesday after reaching a record high the previous day, due to dovish comments from U.S. Federal Reserve officials and heightened tensions in the Middle East. The metal was nearly unchanged, hovering around $2,627.43 per ounce. The dovish stance from the Fed, signaling more rate cuts, and the ongoing geopolitical unrest in the Middle East are supporting gold prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖