Gold prices (XAU/USD) rose slightly to near ,140 during the early Asian session on Tuesday, driven by persistent geopolitical tensions in the Middle East. Despite recent selling pressure, the precious metal found support from safe-haven demand as investors sought refuge from market uncertainties. The price remains close to the ,150 level, reflecting ongoing concerns about regional instability. The rise in gold highlights its role as a traditional safe-haven asset during times of geopolitical risk. Middle East tensions, including conflicts and energy-related disruptions, are amplifying demand for gold as a hedge against inflation and currency volatility. Traders are closely monitoring how these dynamics interact with broader macroeconomic factors like the U.S. dollar's strength. For markets, the next key focus will be developments in the Middle East and their potential to escalate or de-escalate. Investors should also watch central bank policies and inflation data, which could influence gold's appeal as an alternative investment. The ,150 level may act as a psychological barrier, with a break above it signaling stronger bullish momentum.
Gold edges higher to near ,150 on safe-haven demand
Gold prices (XAU/USD) rose slightly to near ,140 during the early Asian session on Tuesday, driven by persistent geopolitical tensions in the Middle East. Des
ForexEF
2026-03-09
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