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Gold prices rise amid geopolitical tensions as U.S. intervention in Iran increases possibility
GateNews
ChainCatcher reports that, according to Jinshi, Asian early trading sees gold slightly higher, with ongoing geopolitical tensions supporting gold’s safe-haven appeal. On Tuesday, Trump told protesting Iranian citizens that “aid is on the way,” signaling that the US may take action soon. Carsten Fritsch, a commodities analyst at Deutsche Bank Research, said that large-scale protests in Iran are providing a tailwind for gold prices, increasing the likelihood of US military intervention.
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