Summary
- Spot gold rose 3% to $4,514.5 per ounce, extending its gains, it said.
- It added that geopolitical tensions in the Middle East and a broader shift toward safe-haven assets are seen as driving the rise in gold prices.
- It said markets are focusing on the possibility that gold’s uptrend could continue if uncertainty persists.
Forecast Trend Report by Period
Spot gold is extending its gains, maintaining a strong uptrend.
According to Walter Bloomberg on the 27th (local time), gold rose 3% to $4,514.5 per ounce.
The rally is seen as being driven by heightened geopolitical tensions in the Middle East and a broader shift toward safe-haven assets.
Markets are watching whether the upswing in gold will persist if uncertainty continues.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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