Gold prices (XAU/USD) continued to maintain strong gains during the early European session and are currently trading near a two-week high, just below the $2700 level.
Ongoing geopolitical risks due to the worsening Russia-Ukraine conflict helped the safe-haven precious metal extend its weekly uptrend for the fifth straight day.
In addition, expectations that US President-elect Donald Trump's expansionary policies could reignite inflationary pressures turned out to be another factor that benefited the commodity, which is considered a hedge against inflation.
Gold prices at the time of this news release were at $2693/ Toz.
Source: Newsmaker.id
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