ING’s strategists report gold rising as investors seek safety amid escalating US, Israeli and Iranian tensions
From vtmarkets.com
Gold rose on Monday as markets reopened after weekend escalation in tensions between the US, Israel and Iran. Price moves are expected to stay driven by news events, with volatility remaining high. Demand for gold as a safe-haven asset is supported by geopolitical risk and market positioning. If higher crude prices raise inflation expectations while growth risks increase, real yields may stay contained, which tends to support gold, while a stronger US dollar could limit gains. A wider regional conflict or disruption to energy supplies could lift gold further via higher oil prices, stronger inflation expectations and ...
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