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Gold Holds Above $5,000 Amid Geopolitical Tensions

From activtrades.com

Gold prices rose at the start of the European session and are currently trading just above $5,000. The precious metal is building on the positive momentum of the previous session, amid mixed signals from safe-haven demand and a strengthening US dollar. Geopolitical turbulence is intensifying after Russia–Ukraine talks failed to deliver any meaningful progress. Meanwhile, tensions in the Middle East are rising, with reports suggesting that a US strike on Iran could be imminent. As a result, demand for gold, the ultimate safe-haven asset, has increased, pushing prices higher. However, for now, the upside remains capped ... (full story)

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  • Category: Fundamental Analysis