Gold Surges to One-Week High Amid Geopolitical Tensions; February Forecast Positive

Business
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News18•08-01-2026, 17:39
Gold Surges to One-Week High Amid Geopolitical Tensions; February Forecast Positive
- •Gold prices reached a one-week high of $4,411.90 per ounce, driven by rising geopolitical tensions and increased investor demand for safe-haven assets.
- •The surge followed reports of the US arresting Venezuelan President Nicolas Maduro, intensifying market anxiety and diverting investments towards gold.
- •Experts predict a positive outlook for gold in February, citing continued geopolitical risks, anticipated US interest rate cuts, and strong market momentum from 2025.
- •Other precious metals also rallied, with silver rising 3.6% to $75.25 per ounce, and platinum and palladium also seeing significant gains.
- •Investors are closely watching upcoming US economic data, particularly the December non-farm payrolls report, for clues on the Federal Reserve's interest rate policy.
Why It Matters: Gold prices are expected to remain strong in February, fueled by geopolitical tensions and anticipated US rate cuts.
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