Gold Tests $2,400 as Geopolitical Premium Offsets Stronger Dollar
Central bank demand and haven flows have driven bullion to back-to-back quarterly gains, even as real yields have climbed.
Gold rose for a fourth consecutive session, briefly touching $2,398 an ounce, as persistent geopolitical tensions and central-bank accumulation outweighed headwinds from a firmer dollar.
The People’s Bank of China added to reserves for a 17th straight month, while Turkey and India extended their own buying programs.
Goldman Sachs analysts lifted their year-end target to $2,500, citing structural demand from official-sector buyers.
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