LIVE MARKET ALERT Gold prices strengthened in intraday trade, with the metal quoted around 4862.5 per ounce, marking a 2.39% rise. The move reflected renewed buying interest from investors seeking safety amid persistent currency market adjustments and shifts in global liquidity conditions. Market participants noted increased bullion positioning as yields moderated and the U.S. dollar eased from recent highs.
Trading flows also pointed to strategic portfolio rebalancing across commodity-linked assets. Hedging activity from both institutional and retail participants helped underpin sentiment, suggesting that gold remains aligned with its role as a defensive instrument during cross-asset rotations. Momentum buying above key technical thresholds continued to support upside potential, although profit-taking pressures could temper near-term gains.
Key Drivers:
• Moderation in bond yields and softening dollar demand supporting non-yielding assets.
• Heightened risk aversion and ongoing portfolio hedging sustaining inflows into gold.
This market commentary is provided for informational purposes only and does not constitute financial advice or an offer to buy or sell commodities, futures, or any investment instruments.
Gold Advances on Renewed Haven Demand and Adjusted Dollar Flows
"Gold rose 2.39% to $4862.5/oz as lower yields, a softer dollar, and risk aversion spurred safe-haven demand, portfolio hedging, and momentum-driven buying."
Trading flows also pointed to strategic portfolio rebalancing across commodity-linked assets. Hedging activity from both institutional and retail participants helped underpin sentiment, suggesting that gold remains aligned with its role as a defensive instrument during cross-asset rotations. Momentum buying above key technical thresholds continued to support upside potential, although profit-taking pressures could temper near-term gains.
Key Drivers:
• Moderation in bond yields and softening dollar demand supporting non-yielding assets.
• Heightened risk aversion and ongoing portfolio hedging sustaining inflows into gold.
This market commentary is provided for informational purposes only and does not constitute financial advice or an offer to buy or sell commodities, futures, or any investment instruments.