Gold Prices Rise Again Tuesday as US-Iran Tensions Boost Safe-Haven Demand

Growing tensions between the United States and Iran continued to support the global gold market, with prices climbing again on Tuesday as investors turned to gold as a safe-haven asset.

In the international market, spot gold rose 0.8 percent to $4,031.43 per ounce. US gold futures also gained 0.8 percent, trading at $4,037.80 per ounce.

Market analysts said escalating instability in the Middle East has increased concerns over higher oil prices, which could add to inflationary pressures. As a result, investors expect the US Federal Reserve to maintain a cautious stance on interest rates.

Meanwhile, market attention is now focused on the latest US inflation data, which is expected to play a key role in shaping the Federal Reserve’s next monetary policy decisions.