11
Feb
XM’s analysts in India take a close look at gold, which has been rallying since early November, repeatedly meeting strong support near $1615. This may be due to sliding US bond yields, as well as a dollar weakened by expectations that the Fed may be nearing the end of its tightening crusade. Also adding to the support are increasing fears of a US recession. How gold lost its safe-haven status As a safe-have asset, gold attracts investors when markets are turbulent. In August 2020, the precious metal hit a record high, as investors sought shelter in gold due to the…