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Gold prices rise ahead of interest-rate decisions
Illustrative photo — Pexels
Money

Gold prices rise ahead of interest-rate decisions

The yellow metal kept climbing as demand for safe havens grew.

The yellow metal kept climbing as demand for safe havens grew.

The main indices closed higher after a choppy start to the session, as buying in banking and industrial shares lifted the market.

The overall outlook remains positive, provided interest rates stay stable and liquidity keeps improving.

Market moves

Technology stocks stood out, while some real-estate names slipped under the pressure of profit-taking.

Analysts advised investors to diversify their portfolios and avoid chasing short-lived moves, focusing instead on companies with strong fundamentals.

Markets reward patience and well-considered decisions over the long run.

Traders say the market is waiting for key economic data due this week, which could set the short-term direction.

Turnover climbed to its highest level in several weeks as fresh liquidity flowed in from investment funds.

AuthorNewsroom

The The Record newsroom.

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