Geopolitical concerns help gold push higher in the early Asian session. As tensions in the Middle East increase as Israeli attacks on Hamas in the Gaza Strip resume, a U.S. official announced that the Pentagon is sending another group of aircraft carriers to the region. According to a study report by Commerzbank study’s commodity specialists, geopolitical concerns are no little factor in the rising demand for the precious metal as a safe haven. “As long as this is the case, the downside potential for gold is likely to remain limited,” they stated. Spot gold has increased by 0.1% to $3,025.74/oz.
Gold Gains Support from Geopolitical Tensions — Market Discussion
- Date: March 24, 2025
- Time: 8:40 AM
