Gold Rises Amid Rising Geopolitical Risks

Looking at the way that gold has rallied recently, investors appear to be pricing in a sharp escalation in the crisis in the Middle East region, said Fawad Razaqzada, market analyst at City Index and FOREX.com.

Gold Rises Amid Rising Geopolitical Risks

Gold prices rise in the early Asian trading session amid rising geopolitical risk, which is driving demand for gold as a safe haven. Fawad Rasaqzada is a market analyst for City Index and FOREX.com. He says that the recent gold rally indicates investors are pricing in a dramatic escalation of the Middle East crisis. The analyst says that gold has received support due to safe-haven flows because of the situation in the Middle East. Gold spot is up by 0.2% to $1,951.62/oz. (EMAIL).