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Gold Prices Jump on Safe-Haven Inflows
Gold prices are pushing higher again as we move through the middle of the week linked to a resurgence in geopolitical uncertainty and a softer US Dollar. A fresh Israeli offensive in Gaza and concern over the ballooning humanitarian crisis there has spooked investors with traders wary of the risks of a broader violence linked to outrage over the fresh assault. Alongside this, a deteriorating tone in Russia/Ukraine peace talks, including threats from Russia of pulling out, is adding to bearish risk sentiment. Against this backdrop, gold is seeing a fresh influx of safe haven demand which looks likely to continue ... (full story)
