'This is the right environment for gold to thrive and flourish,' said Lukman Otunuga of FXTM. He's long been bullish on the asset.
Safe-haven assets have edged higher again as the US threatened new tariffs against Europe. In addition, central banks have been increasingly dovish, signaling rate cuts. The yield on the 10-year Treasury note has also fallen below 2% again, pricing in a rate cut from the Fed. Read more on Markets Insider. Safe-haven assets have had quite a week. On Wednesday, gold edged back above $1400, a key level for the precious metal.
Safe-haven assets have edged higher again as the US threatened new tariffs against Europe. In addition, central banks have been increasingly dovish, signaling rate cuts. The yield on the 10-year Treasury note has also fallen below 2% again, pricing in a rate cut from the Fed. Read more on Markets Insider. Safe-haven assets have had quite a week. On Wednesday, gold edged back above $1400, a key level for the precious metal.
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