Gold rises above 1% amid rising tensions
Gold prices experienced a significant increase of over 1% during today's trading, driven by rising demand for safe-haven assets amid geopolitical tensions. The spot gold price rose by 1.3% to reach $4,103.99 per ounce, while U.S. gold futures for August delivery increased by 0.9% to $4,106.10. Additionally, other precious metals saw gains: silver rose by 2.7% to $59.74, platinum increased by 2% to $1,619.75, and palladium advanced by 2.3% to $1,271.93 per ounce. This reflects investors' shift toward safe assets amid ongoing geopolitical tensions.
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