Gold prices are flat during early European trading
Gold prices are flat during early European trading, as investors weigh recession fears against a strengthening dollar and rising Treasury yields, in a dynamic that, over the last couple of months, has kept the price of the precious metal stuck within a relatively narrow range. It is true that the prospect of a global economic recession enhances gold’s appeal, as the precious metal is seen as a safe store of value during times of trouble. However, the tightening of monetary policies by central banks has diluted the attractiveness of non-yielding bullion to investors. In such a scenario, these opposing forces are likely to, in the short term, keep gold prices from deviating significantly from where they currently are.
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