Gold prices are trading in today’s European session above 2390 levels.
Gold prices saw a slight dip in European trading on Wednesday, driven by Jerome Powell's comments favouring a stronger dollar and higher Treasury yields, which put downward pressure on gold's value.
Nonetheless, gold prices remained close to recent highs, supported by concerns about potential conflict between Iran and Israel, keeping demand for safe-haven assets intact.
Last week, gold prices surged to record levels after an Iranian attack on Israel. Now, focus shifts to Jerusalem's expected retaliation, amid reports indicating imminent action.