💨 Abstract

Gold stabilized on Monday following a record high, as strong market sentiment and geopolitical tensions were countered by a stronger dollar that led some investors to sell. Spot gold remained unchanged at $2,622.16 after reaching $2,631.31 earlier. The rally was driven by "fear of missing out" after the Fed's recent rate cut. Gold is up 27% this year, but may need consolidation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖