Gold Steady; Remains Supported by Haven Demand
·1 min
Gold prices remain stable in early Asian trading, after crossing the $2,800/oz mark for the first time on Wednesday. The precious metal is holding its ground amid heightened macroeconomic risks. Gold demand has reportedly increased by 5% year-on-year in the third quarter, setting a new record for that period. Additionally, prevailing geopolitical tensions continue to bolster gold’s appeal as a safe-haven investment. Currently, spot gold is trading flat at $2,787.51/oz.