Gold increased to a fourth straight session for a two-month high on Monday on Monday, as the weekend promoted the possibility of a broad regional conflict between Israel and Iran, pushing investors to safe-heaven assets.
place Sleep The session increased to 0.3% $ 3,442.09 as 0246 GMT after hitting the highest level since 22 April in the session.
We Gold futures Advanced 0.3% to $ 3,461.90.
“This is a joint political risk premium that is increasing due to Iran-Israeli conflict at this point which is a boost Safety hideout Gold demand, “Asia Pacific in Onda, a senior market analyst Calvin Wong said.
“We currently have a clear break above $ 3,400 and short -term uptrend is intact. We are looking at the resistance level at $ 3,500 and with the possibility of breaking the new high above $ 3,500 level.”
Israel and Iran launched latest Invasion On Sunday, killing citizens and raising concerns of a broad regional conflict, both terrorists urged the citizens on the opposing side to take precautions against further attacks.
US President Donald Trump said he hopes Israel and Iran Brokers can make a deal, but sometimes countries have to fight it first.
Gold is often considered a safe-disbursement property in the time of geopolitical and economic uncertainty.
This week investors will be ready to host central bank monetary policy decisions, but with the spotlight US federal reserve On Wednesday.
The US Central Bank is widely approximate to keep the interest rates stable, waiting for signals on a possible rate cut in the coming months in the markets.
Futures markets suggest expectations for cuts in two rates by the end of the year, probably starting in September, affected by inflation figures last week. (Fedwatch)
Somewhere else, spots silver Stable at $ 36.29 an ounce, platinum rose 0.4% to $ 1,233.87, while the paladium increased by 1.3% to $ 1,040.96.
