Gold Edges Up as Market Adjusts Positions Amid Geopolitical Tensions

Deep News07:50

Gold prices saw a modest increase during early Asian trading hours, potentially driven by position adjustments as ongoing tensions ahead of Thursday's talks between the United States and Iran kept investors cautious. Spot gold rose above $5,150 per ounce, gaining 0.18% during the session. Matt Simpson, a senior market analyst at StoneX, commented, "I still hope President Trump will refrain from pulling the trigger and that a last-minute agreement can be reached—he is clearly pushing for one." He added, "However, the risk of escalating military conflict should be enough to support gold prices, even if price movements remain volatile in the near term."

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