Gold is hovering near all-time peaks even as caution creeps in about how far central banks will lean into easing.
In recent sessions, spot gold has retreated slightly from its record highs, trading around $3,750/oz after peaking near $3,790, but remains perched at elevated levels. At the same time, speculative buying pushed gold to fresh highs in Asian markets, bolstered by heavy inflows into gold ETFs, even as some Federal Reserve officials sounded a cautious note on further rate cuts.
Gold is benefiting from its safe-haven status amid geopolitical volatility, and from the loosening influence of falling interest rates, which reduce the opportunity cost of holding non-yielding assets.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.
