Gold prices are trading in today’s Asian session above 2380 levels.
In Asian trading, gold prices increased, staying near historic highs due to sustained safe-haven demand amid escalating geopolitical tensions between Iran and Israel.
However, a surge in the dollar restrained larger advancements in gold, as rising expectations of prolonged higher U.S. interest rates led to increased Treasury yields. Nonetheless, gold experienced significant gains over the preceding fortnight, primarily driven by heightened safe-haven demand.