Gold Prospects Underpinned by Rising Gold Lease Rates and Expected Gold Volatility Index
XAU/USD rose and breached the 200-day simple moving average, posting a close marginally above the line.
October 25, 2023
Gold (XAUUSD), after a short break, rose for a fifth straight day today, on Monday October 21, to a record high, while silver (XAGUSD) hit a nearly 12-year high, amid uncertainty over the U.S. election, ongoing tensions in the Middle East and expectations of rate cuts from Fed and other key central banks.
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