Gold rises over 1% as Middle East tensions boost safe-haven demand
Gulf Times
Gold rises over 1% as Middle East tensions boost safe-haven demand
Gold prices rose more than 1% on Wednesday, rebounding from their lowest level in over a week recorded in the previous session, as escalating US and Israeli airstrikes on Iran boosted demand for safe-haven assets. Spot gold climbed 1.6% to $5,168.69 per ounce. US gold futures for April delivery also rose 1.1% to $5,178.40 per ounce.
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