Gold faces key test from geopolitics and rates after a turbulent first half: World Gold Council

Gold experienced a dramatic swing this year, hitting record highs before a sharp decline, yet remains a strong performer. Geopolitical tensions, particularly the US-Iran conflict, fueled early gains. Looking ahead, interest rates and global economic shifts will dictate gold's path. The World Gold Council anticipates gold trading near $4,100/oz if current economic forecasts hold, but significant geopolitical or economic downturns could drive prices higher.

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