Gold prices edge higher as Middle East conflict continues.

In the early Asian session, the price of gold slightly rose, with continued Middle East conflict potentially supporting safe-haven demand for gold. Spot gold rose by 0.2%, trading at $5,333.43 per ounce. US President Trump has stated that the US military actions against Iran may last for several weeks. US military bases in Iraq, Saudi Arabia, and Bahrain have been attacked. Zaheer Anwari of The Revacy Fund stated in an email that the escalating geopolitical tensions in the Middle East have increased volatility in global markets. He added that the dominance of risk aversion sentiment in the market has led to a shift of funds from risky investments.