- Analytics
- News and Tools
- Market News
- Gold holds onto gains
Gold holds onto gains
Gold steadied at $1,079.00 (+0.06%) amid demand for safe-haven assets supported by tensions in the Middle East and the Korean peninsula.
North Korea said it had successfully tested a miniaturised hydrogen nuclear device on Wednesday morning. Japan called this event a threat to Japan's security.
Investors traditionally turn to gold at times of crisis and geopolitical tensions, but such gains are normally short-lived. Analysts noted that this time the precious metal hasn't gained much.
The dollar, bullion's traditional opponent, is likely to be strong on higher rates, which are expected to grow further this year.
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
