Gold prices edged up slightly in Wednesday's Asian session, getting small support from safe-haven demand due to geopolitical tensions but coming under pressure from recent hawkish comments by officials. Fed officials
Gold was supported by some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress.
However, precious metals are also under pressure from new concerns about high US interest rates, as well as the recovery of the USD.
Gold was supported by some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress.
However, precious metals are also under pressure from new concerns about high US interest rates, as well as the recovery of the USD.