Gold fell in early Asian trade. Prices could continue being elevated by safe-haven demand as intensifying geopolitical tensions continue, and expectations of a more accommodative U.S. monetary policy, Sky Links Capital Group said.
Gold futures edged higher. Schroders said the yellow metal looked attractive as it acts as a portfolio diversifier amid the unpredictable environment in the U.S.
Tensions between the U.S. and Venezuela have escalated further, Exness said, adding that, frictions between China and Japan remain elevated and risks in Eastern Europe continue to increase.