Analyst: Gold Price Outlook Remains Optimistic Driven by Safe-Haven Demand
According to ChainCatcher, gold prices edged higher during early Asian trading on Monday, as geopolitical tensions may spur safe-haven demand. Israel and Iran intensified airstrikes over the weekend, while U.S. President Trump stated that the United States "could possibly" become involved in the conflict.
Market analyst Fawad Razaqzada noted that gold has been rising on the back of safe-haven inflows. Razaqzada added, "Given factors such as heightened geopolitical risks in the Middle East, the outlook for gold remains undoubtedly positive."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix (NFLX.US) reportedly plans to lay off about 5% of its staff: The streaming giant faces growth pressure and trims its workforce ahead of earnings report.
According to reports, Netflix plans to lay off about 5% of its employees as early as next week.
Citi: Besent May "Slash" Long-term Bond Issuance Next Month, 20-year US Treasury Issuance Could Be Directly Canceled
Citi published a research report indicating that US Treasury Secretary Scott Besant is highly likely to reduce the issuance size of long-term US Treasury bonds, and may even completely cancel the issuance of 20-year Treasury bonds.
Rising energy prices intensify inflation concerns; US Treasury yields increase again, with the 10-year rising to 5.25%.
Persistently high energy prices have intensified market concerns about the inflation outlook and reinforced investor expectations of further interest rate hikes by the Federal Reserve. After experiencing significant volatility earlier this week, U.S. Treasury yields are edging back toward recent highs.
Crypto prices
More
