Gold Edges Up in Early Asian Trading Amid Ongoing US-Iran Tensions
Deep News
Mar 05
Gold prices saw a modest increase as tensions between the United States and Iran continued. Spot gold rose by 0.3%, reaching $5,155.33 per ounce. A senior official from the Department of Defense stated that U.S. President Donald Trump has directed the military to reduce Iran's military threat. Joseph Dahrieh of Tickmill noted in an email, "Investors remain focused on the evolving geopolitical landscape, which continues to enhance gold's appeal." The managing director added that tensions in the Middle East and Eastern Europe are likely to keep driving investors toward safe-haven assets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.