Gold Rises Amid Growing Geopolitical Risks

Gold Rises Amid Growing Geopolitical Risks


00:32 GMT — Gold rises in early Asian trading amid growing geopolitical risks that are driving safe-haven demand for the precious metal. Given the recent rise in gold, investors seem to be anticipating a sharp escalation of the crisis in the Middle East region. Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. So far, gold has benefited from the support of safe-haven flows due to the situation in this country, adds the analyst. Spot gold is up 0.2% at $1,951.62/oz. (ronnie.harui@wsj.com)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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