Gold Prices Rise Amid Risk-Averse Sentiment
Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said.
With Trump’s upcoming inauguration, gold prices have been boosted by risk-averse sentiment, CITIC Futures analysts wrote in a note. In the coming weeks, investors will be watching Trump’s policy announcements, particularly around tariffs, as a key catalyst for gold.
Spot gold prices rose 0.1% to $2,650.89/oz.
Source: Bloomberg