Gold edges higher in the early Asian session amid geopolitical tensions that typically enhance the safe-haven appeal of the precious metal.
The U.S. is moving to scale down its presence in parts of Middle East to essential personnel, State Department and Pentagon said Wednesday, as tensions in the region rise.
The tensions come before the sixth round of nuclear talks between the U.S. and Iran scheduled this weekend in Oman. Ongoing hostilities in the Middle East continue to weigh on investor confidence, says Bas Kooijman, CEO and Asset Manager of DHF Capital, in an email. Spot gold is 0.2% higher at $3,364.42/oz.
Source: Dow Jones Newswires
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