Gold Price Now Provides Latest Updates On Gold

Gold price (XAU/USD) prolongs its uptrend for the fifth consecutive day on Friday and climbs to a nearly two-week top, around the $2,690-2,691 area during the Asian session. Intensifying Russia-Ukraine tensions force investors to take refuge in traditional safe-haven assets and turn out to be a key factor underpinning the precious metal. The commodity, which is considered a hedge against inflation, draws additional support from expectations that US President-elect Donald Trump’s policies could reignite inflationary pressures. 

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