Gold Prices Steady Amid Rising Economic and Geopolitical Risks
AI-Generated Summary
Gold prices remained steady after hitting record highs, supported by increasing economic and geopolitical tensions, with remarks from President Trump influencing market demand.
Gold steadied in early Asian trading after reaching a series of record highs in the previous session, as rising economic and geopolitical risks supported safe-haven demand.
The precious metal held above $2,865 an ounce, having gained 0.9% on Wednesday. This increase follows comments by President Donald Trump, who stated that the U.S. could take over Gaza. His aides have sought to downplay this statement. Additionally, Trump expressed a desire to begin negotiations on a new nuclear deal with Iran.
Furthermore, Washington is expected to present a plan to address the ongoing conflict in Russia's war on Ukraine next week.
