Gold extends rally as Middle East concerns intensify
Gold (XAU/USD) extended its weekly rally toward the $4,160 region on Wednesday, supported by escalating Middle East tensions.
XAUUSD
Gold prices continued their upward momentum on Wednesday, with XAU/USD approaching the $4,160 level during the American session. The rally is attributed to heightened geopolitical tensions in the Middle East, which have driven safe-haven demand.
The precious metal has been on a sustained uptrend this week, holding near the psychologically significant $4,160 mark. Traders are monitoring developments in the region for further direction.
Source: FXStreet Forex News