Gold price in Pakistan
February 15, 2024 ⚊ 1 Min read ⚊ Views 16 ⚊ BLOG
Gold price (XAU/USD) edges higher during the first half of the European session and moves away from a two-month low, near the $1,984 area touched the previous day. The ongoing retracement slide in the US Treasury bond yields keeps the US Dollar (USD) bulls on the defensive below the highest level since November 14 touched earlier this week, which, in turn, is seen lending support to the commodity. Apart from this, geopolitical tensions stemming from conflicts in the Middle East act as a tailwind for the safe-haven precious metal.
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