• Sat, Feb 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

21 October 2024 07:55  |

Gold Edges Higher Amid Geopolitical Tensions in Middle East

Gold edged up in early Asian trading as geopolitical tensions in the Middle East boosted the precious metal’s appeal as a safe-haven asset.There is heightened uncertainty following the death of Hamas leader Yahya Sinwar, wrote Samer Hasn, senior market analyst at XS.com.

Sinwar’s death adds further uncertainty to the negotiations and conflicts in the Middle East, given that Sinwar was a key decision-maker, Hasn said.Israeli Prime Minister Netanyahu’s office said a drone from Lebanon flew toward his private residence near Tel Aviv before exploding early Saturday.Spot gold rose 0.1% to $2,723.28/oz.

Source: Bloomberg

Related News

GOLD

Fed Rate Cut Bets Drive Gold to All-Time High

Gold prices extended gains to hit a record high on Friday on expectations of interest rate cuts by the Federal Reserve, while...

13 September 2024 21:27
GOLD

Gold at Over One-Week Low on Firm Dollar, US Payrolls Data A...

Gold prices eased to their lowest in more than a week on Tuesday, pressured by a firm dollar, while investors awaited U.S. no...

4 September 2024 01:51
GOLD

Gold Breaks $2,600 Barrier as Fed Cut Bets Prolong Historic ...

Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest ...

21 September 2024 01:52
GOLD

Gold Breaks to New Highs Despite Negative Impact of US Retai...

Gold (XAU/USD) breaks to a higher high of $2,690 on Thursday despite suffering a temporary pull-back following the release of...

17 October 2024 21:55
BIAS23.com NM23 Ai