The price of gold hit a record high during the
northern American session on Friday, and it
completed the week with modest gains of
0.59%. Geopolitical concerns caused the price
movement to be volatile, which in turn caused
a spike in demand for safe-haven assets. The
non-yielding metal so reached a new all-time
high of $2,431, before falling as a result of the Us
Dollar's general strength. The XAU/USD pair is
now down 1.18% at $2,343.
Iran is reportedly getting ready to strike again
at Israel after an lsraeli attack two weeks ago
claimed the lives of seven Iranian officials.
The price of gold peaked at 2432 and
subsequently fell off sharply. It remains, still
inside the price rising line of the 2-margin.
Remarks on Gold prices are still expected to rise
following the increase of Israeli military tensions