Gold prices are trading in today’s European session above 2400 levels.
Gold prices remained stable in early European trading on Monday, hovering near record highs. There was little increase in safe haven demand despite an alleged assassination attempt on former U.S. President Donald Trump.
Amid rising U.S. political uncertainty, investors preferred the dollar for safe haven buying, recovering some recent losses on Monday. However, the dollar stayed weak due to growing expectations of U.S. interest rate cuts, which have bolstered gold prices in recent weeks.