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Gold held steady on Thursday as safe-haven demand from Middle East tensions offset a stronger dollar. Spot gold was flat at $2,657.89 after a record high the prior week, and traders trimmed bets on a 50-basis-point November Fed cut.
Middle East risk and rate expectations drive precious metals, with little direct feed impact. The safe-haven signal may hint at broader energy risk premium.
reuters.comAnjana AnilOct 3, 2024After 10 past neutral geopolitics events, US Dollar (Broad) moved a median +0.1% over 5 sessions (60% higher; middle half -0.4% to +1.0%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
