Gold edged up in early Asian trading amid ongoing geopolitical tensions that typically boost the precious metal's appeal as a safe haven. Israel attacked buildings belonging to Iran's state-owned media company in Tehran.
The attacks came despite Tehran sending a message through intermediaries calling for a return to nuclear talks if the U.S. stays out of the conflict. "The geopolitical backdrop remains highly volatile," Fawad Razaqzada, market analyst at City Index and FOREX.com, said in an email.
"The Israeli attack on Iran has injected a clear risk premium across commodities," the analyst added. Spot gold was up 0.3% at $3,396.27/oz. (alg)
Source: Dow Jones Newswires
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