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Gold Price - Gold price steadily climbs to three-day peak, above $2,630; lacks bullish conviction
23-12-2024 01:18
Gold price ticks higher for the third straight day, albeit it lacks strong follow-through. Geopolitical risks and trade war fears continue to support the safe-haven XAU/USD. The Fed’s hawkish tilt, elevated US bond yields and modest USD strength cap gains.
Why Is Barrick Stock Down When Gold Prices Up?
This compares to the S&P 500 which remains up by about 3% and gold prices which have fallen about 2% over the same period.