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
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