Asian Morning Gold Prices Slightly Decline as Geopolitical Risks Limit Downside
In the Asian morning session, international gold prices edged lower due to technical correction pressures, following a 2.8% surge in the New York Mercantile Exchange's near-month gold futures settlement price overnight. As of now, spot gold has decreased by 0.1%, trading at $4,442.34 per ounce.
Latin American geopolitical risks have limited the downside space for gold prices. Kudotrade analyst Konstantinos Chrysikos stated that the sudden escalation of the situation in Venezuela has heightened regional tensions. If the situation worsens, demand for safe-haven assets like gold may increase.
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Asian Morning Gold Prices Slightly Decline as Geopolitical Risks Limit Downside
In the Asian morning session, international gold prices edged lower due to technical correction pressures, following a 2.8% surge in the New York Mercantile Exchange's near-month gold futures settlement price overnight. As of now, spot gold has decreased by 0.1%, trading at $4,442.34 per ounce.
Latin American geopolitical risks have limited the downside space for gold prices. Kudotrade analyst Konstantinos Chrysikos stated that the sudden escalation of the situation in Venezuela has heightened regional tensions. If the situation worsens, demand for safe-haven assets like gold may increase.