Gold price continues to gain ground, trading higher around $1,940 per troy ounce during the Asian session on Wednesday. The rising geopolitical tensio
Gold prices gainupward support from the Middle-East conflict. Upbeat China data could provide support in underpinning the prices of Gold. US Dollar strengthens on the solid economic data. ns between Israel and Hamas are likely contributing to a higher demand for Gold as a traditional safe-haven asset.
Moreover, the Federal Reserve reported that Industrial Production demonstrated improvement by 0.3%, contrary to the expected stagnation at0.0%. Thomas Barkin, the President of the Richmond Fed, highlighted that the current policy is already viewed as restrictive.
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