Gold prices are trading slightly lower in today’s European session below 2380 levels.
In European trading, gold prices underwent a correction but stayed close to record highs, buoyed by consistent safe-haven demand amidst escalating geopolitical tensions between Iran and Israel.
Nevertheless, a dollar rally limited substantial gains in gold, fueled by expectations of extended higher U.S. interest rates resulting in elevated Treasury yields. Nonetheless, gold saw notable increases over the past two weeks, largely propelled by heightened safe-haven demand.