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flag Gold hit $4,124/oz on Thursday amid geopolitical tensions, inflation fears, and central bank demand.

flag Gold rose to $4,124 per ounce on Thursday, boosted by geopolitical tensions, including U.S. sanctions on Russian oil firms and potential tech export restrictions on China, driving safe-haven demand. flag The rally followed a two-day decline, with investors awaiting the delayed September CPI report, expected to show core inflation at 3.1%, influencing Fed rate cut expectations. flag Gold’s appeal is further supported by central bank buying, inflation concerns, and a weakening dollar, as the metal has gained 57% this year. flag Meanwhile, Türkiye’s central bank cut rates by 100 basis points to 39.5% amid rising inflation, which hit 33.29% in September.

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