Gold Trades Positively on Safe-Haven Demand Amid Weak USD
Gold prices, identified as XAU/USD, are witnessing a positive bias as they climb the markets during the Asian session. The latest movement sees gold reaching levels around the $3,271 mark. This upward movement aligns with the current safe-haven demand stemming from geopolitical turmoil, particularly from the ongoing Russia-Ukraine conflict. Market observers note that the pressure on the US Dollar lends additional support to gold prices, solidifying its role as a safe asset for investors. Continuous global uncertainties may further heighten interest in gold, making it a key player in investment portfolios in volatile times.
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