Gold Holds Gains Above $4,100 as Iran Tensions Fuel Risk-Off
Gold (XAU/USD) extended gains for a fourth consecutive day, trading above $4,100 despite risk-off sentiment linked to rising tensions in Iran and higher oil prices.
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Gold prices continued their upward momentum on Wednesday, marking a fourth consecutive session of gains. XAU/USD remained comfortably above the $4,100 level, showing resilience even as broader markets turned risk-averse.
The risk-off mood was attributed to escalating tensions in Iran and a rise in oil prices. These geopolitical factors have driven investors toward safe-haven assets like gold.
Market participants are closely monitoring developments in the region, as further escalation could sustain demand for the yellow metal.
Source: FXStreet Forex News