According to Deep Tide TechFlow news, on November 25, Kudotrade analyst Konstantinos Chrysikos stated that despite broader uncertainties regarding the Fed's next policy actions, geopolitical tensions are still supporting gold prices. He said, “The dominant geopolitical backdrop remains the instability in the Middle East and the re-emerging tensions in Eastern Europe. While diplomatic channels are still exploring the outlines of a potential agreement between Russia and Ukraine, it remains difficult to achieve meaningful progress.” Meanwhile, Chrysikos noted that investment demand is also showing resilience, with strong demand in Asia driving continued inflows into gold ETFs. As the Fed approaches its last policy meeting of the year, investors are closely following the delayed release of U.S. economic data, which is expected to provide clearer insights into labor market trends and inflationary pressures. (Jin10)
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Institution: Gold prices continue to seek potential support amid geopolitical uncertainty.
According to Deep Tide TechFlow news, on November 25, Kudotrade analyst Konstantinos Chrysikos stated that despite broader uncertainties regarding the Fed's next policy actions, geopolitical tensions are still supporting gold prices. He said, “The dominant geopolitical backdrop remains the instability in the Middle East and the re-emerging tensions in Eastern Europe. While diplomatic channels are still exploring the outlines of a potential agreement between Russia and Ukraine, it remains difficult to achieve meaningful progress.” Meanwhile, Chrysikos noted that investment demand is also showing resilience, with strong demand in Asia driving continued inflows into gold ETFs. As the Fed approaches its last policy meeting of the year, investors are closely following the delayed release of U.S. economic data, which is expected to provide clearer insights into labor market trends and inflationary pressures. (Jin10)