Gold prices are trading in today’s European session around 2380 levels.
Thursday witnessed a rise in gold prices spurred by growing worries about escalating conflict in the Middle East, leading to increased demand for safe-haven assets.
This increase countered the effects of speculation regarding the continuation of high interest rates in the United States.
With geopolitical uncertainties looming, investors sought refuge in gold as a time-honoured hedge against volatility and geopolitical risks.