Gold Rebounds Above $4,050 as US-Iran Tensions Boost Safe-Haven Demand
Gold price recovered to around $4,080 during Asian trading on Wednesday, rebounding from the $4,000 psychological level as escalating US-Iran tensions fueled safe-haven demand.
XAUUSD
Gold (XAU/USD) bounced back above $4,050 during early Asian hours on Wednesday, driven by heightened safe-haven demand amid persistent US-Iran tensions.
The precious metal reclaimed ground near $4,080 after briefly testing the psychologically important $4,000 level in the prior session. The rebound underscores renewed risk aversion as geopolitical risks remain elevated.
Market participants are monitoring developments in the Middle East for further cues on safe-haven flows.
Source: FXStreet Forex News