Gold Edges Higher Amid Ongoing Geopolitical Tensions
2341 GMT — Gold edges higher in the early Asian session amid ongoing geopolitical tensions that typically enhance the safe-haven appeal of the precious metal. Israel struck buildings belonging to an Iranian state-owned media company in Tehran. The attacks came despite messages passed by Tehran via intermediaries seeking a return to nuclear talks if the U.S. stays out of the conflict. 'The geopolitical backdrop remains highly combustible,' says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. 'The Israeli strikes on Iran have injected a clear risk premium across commodities,' the analyst adds. Spot gold is 0.3% higher at $3,396.27/oz. (ronnie.harui@wsj.com)
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