Gold prices rose on Thursday as fears of a widening conflict in the Middle East boosted safe-haven demand, erasing pressure from the prospect of interest rates in the United States remaining high for longer.
Spot gold rose 0.6 percent to$2,374.97 an ounce after hitting an all-time high of $2,431.29 last Friday. U.S. gold futures rose 0.1 percent to $2,389.70.
It is worth noting that the uncertainty on the geopolitical front supports the uptrend that still prevails in gold."
Source (Al-Arabiya.net Website, Edited)
