XAU/USD Rebounds on Geopolitical Risks, Will It Last?

XAU/USD Rebounds on Geopolitical Risks, Will It Last?
XAU/USD Rebounds on Geopolitical Risks, Will It Last?

XAU/USD Rebounds on Geopolitical Risks, Will It Last?

Gold rebounded from weekly lows, testing $2,650 early Monday, as geopolitical tensions in the Middle East boosted demand for safe-haven assets.

The US Dollar is recovering from strong jobs data, but rising geopolitical risks in the Middle East are providing support for Gold.

News of Syrian rebels taking control of Damascus and the potential collapse of Bashar al-Assad's government has created uncertainty, supporting Gold.

Investors are cautious ahead of the US inflation data (CPI) this week, especially after strong US job data showed a higher-than-expected increase in November’s Nonfarm Payrolls.

Despite strong jobs data, markets expect a US Federal Reserve rate cut, which helped Gold recover from a drop after the jobs report.