Gold Prices moved at $3357 in the Asian session on Monday (23/06). You need to know that currently gold prices are showing a strengthening trend along with increasing global uncertainty, especially after tensions in the Middle East and monetary policy decisions by major central banks. Fundamentally, demand for safe assets is increasing, driven by concerns about inflation and geopolitical turmoil. A slight correction at the beginning of the Asian session has occurred, but it has not changed the trend.
Especially, if tensions in Iran continue, gold is expected to remain the main choice for investors seeking protection. On the other hand, low US interest rates also support gold prices, given the lower opportunity costs for other investments.
Source: Newsmaker.id
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