Gold Prices Increase Amid Geopolitical Concerns

Gold is on the rise again, trading above $3,400 per ounce due to increased safe-haven buying triggered by Trump’s recent warning regarding Tehran. After a 1.4% decline on Monday, this is the largest one-day rise in a month, as indicated by ING’s commodity experts.

The unfolding geopolitical situation has led investors to seek the security of gold. Traders should be prepared for continued volatility in the gold market as events evolve, creating potential opportunities for profit.