Gold prices rose in early Thursday trading, erasing most of the losses from the previous session, driven by escalating geopolitical tensions along with increasing expectations of an interest rate cut in the United States.
Regarding the geopolitical tensions, gold—one of the most famous safe-haven assets—found strong support from growing market concerns over the ongoing conflicts in the Middle East and the potential for their expansion to involve other parties. This came after some Lebanese news reports on Wednesday, stating that Iran plans to launch an attack on the occupying entity within the next 72 hours
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