Gold prices remain stable amid Middle Eastern geopolitical tensions… Safe-haven preference continues
Heecheol Yang
Summary
- It was reported that gold prices are showing stability in the Asian market due to investment sentiment driven by safe-haven preference amid the Israel-Iran war.
- A Commerzbank analyst stated that the favorable environment for gold prices still persists and geopolitical uncertainty remains high.
- As of 9:40 a.m. on the 18th, gold was trading at $3,404, down 0.08% from the previous day according to Investing.com.
Gold prices are showing stability in the early Asian market session, supported by investors' preference for safe-haven assets due to the Israel-Iran war.
According to the Wall Street Journal on the 17th (local time), Thu Lan Nguyen, a research analyst at Commerzbank, stated, "The favorable environment for gold prices still persists" and "Geopolitical uncertainty remains at a high level."
As of 9:40 a.m. on the 18th, gold was trading at $3,404 (USD) on Investing.com, down 0.08% from the previous day.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
![Bitcoin retakes KRW 100 million amid reports of secret US-Iran contacts…$72,000 in focus [Kang Min-seung’s Trade Now]](https://media.bloomingbit.io/PROD/news/3beef0db-a8f6-4977-9dca-6130bf788a69.webp?w=250)
![[Analysis] “ETFs and short covering drove Bitcoin’s rebound…on-chain indicators are mixed”](https://media.bloomingbit.io/PROD/news/6c7dbd31-4aeb-400e-9c43-c2843062fc66.webp?w=250)
