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Asian morning gold prices edged higher, with geopolitical risks serving as the main support.
Global geopolitical tensions remain high, causing international gold markets to fluctuate with a slight upward bias. In the Asian morning session, safe-haven buying pushed gold prices slightly higher, supported by concerns over escalating geopolitical conflicts.
Spot gold remained steady in the Asian morning session, rising 0.1% from the previous day's close to $4,462.34 per ounce. Although the increase was modest, it reaffirmed gold's safe-haven properties. Ongoing geopolitical frictions in multiple regions have not eased, leading funds to shift toward gold and other safe assets.
Industry insiders say that short-term geopolitical risks are dominating gold prices. If the situation escalates, gold prices are expected to break through the current trading range; if tensions ease, prices may pull back.