Waleed: The outlook for gold remains optimistic

According to GivTrade analyst Waleed, the outlook for gold remains optimistic, supported by geopolitical hedging, central bank asset diversification, and portfolio protection needs. It is currently driven by the interplay between safe haven demand and interest rate pressure. For gold to rise, there needs to be a weakening in US labor market data, a decline in real yields, or an increase in geopolitical risk premium.