Gold rebounded Tuesday as heightened geopolitical uncertainty from the fighting between Israel and Iran – coupled with U.S. President Donald Trump's call for an evacuation of Tehran – drove investors toward safe-haven assets.
Spot gold rose 0.4% to $3,396.67 an ounce by 02:39 GMT, after dropping over 1% on Monday. U.S. gold futures held steady at $3,416.30.
“The market mood continues to swing between escalation and de-escalation in the Middle East,” said Tim Waterer, chief market analyst at KCM Trade. “These back-and-forth shifts in sentiment are what’s pushing gold prices around the $3,400 level.”
Gold rebounded Tuesday as heightened geopolitical uncertainty from the fighting between Israel and Iran – coupled with U.S. President Donald Trump's call for an evacuation of Tehran – drove investors toward safe-haven assets.
Spot gold rose 0.4% to $3,396.67 an ounce by 02:39 GMT, after dropping over 1% on Monday. U.S. gold futures held steady at $3,416.30.
“The market mood continues to swing between escalation and de-escalation in the Middle East,” said Tim Waterer, chief market analyst at KCM Trade. “These back-and-forth shifts in sentiment are what’s pushing gold prices around the $3,400 level.”
Gold rebounded Tuesday as heightened geopolitical uncertainty from the fighting between Israel and Iran – coupled with U.S. President Donald Trump's call for an evacuation of Tehran – drove investors toward safe-haven assets.
Spot gold rose 0.4% to $3,396.67 an ounce by 02:39 GMT, after dropping over 1% on Monday. U.S. gold futures held steady at $3,416.30.
“The market mood continues to swing between escalation and de-escalation in the Middle East,” said Tim Waterer, chief market analyst at KCM Trade. “These back-and-forth shifts in sentiment are what’s pushing gold prices around the $3,400 level.”
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Gold Climbs as Demand Rises Amid Israel-Iran Escalation
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