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Gold rises as Middle East conflict escalates, dollar rally pauses
Gold prices rose on Wednesday as the escalating conflict in the Middle East attracted safe‑haven bids, while a pause in the U.S. dollar’s rally also lent support. Spot gold was up 1.6% to $5,166.75 per ounce by 1412 GMT, after falling more than 4% on Tuesday. U.S. gold futures for April delivery added 1.1% to $5,177.60. “The dollar has seen a pullback, which is providing some support. Overall, the macro-fundamental factors remain broadly supportive of gold. Certainly, as long as the war with Iran is ongoing, that’s going to remain supportive as well,” said Peter Grant, vice president and senior metals ... (full story)
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