Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold rose in early Asian trade on signs of ongoing U.S.-Iran tensions that could enhance the safe-haven appeal of the precious metal.
TD Securities strategists said in a note cited by Bloomberg Thursday morning gold and silver prices are being pushed up by “headlines of a potential peace deal,” though they cautioned these price swings are “extremely fragile to reversal as US and Iranian demands seemingly remain unchanged compared to prior proposals.” Analysts from Sucden Financial said in an email to Forbes a softening dollar—which is down about 0.15% Thursday morning—has helped metals prices rise, also citing “renewed diplomatic expectations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The rally in gold and silver could resume if a U.S.-Iran peace settlement is reached, market watchers told CNBC. During the conflict, gold's moves were muted, trading in opposite directions to moves in the oil price and U.S. dollar.
Gold prices were steady in early trade, supported by lower U.S. Treasury yields, which typically enhance the appeal of the non-interest-yielding asset.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold was supposed to be a hiding place for investors during a Middle East conflict. Instead, since the Iran war started on Feb. 28, the yellow metal has dropped 11%, raising questions about its safe-haven reputation.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold rose in early trade. The precious metal is increasingly being treated as a risk-sensitive asset, said FOREX.com.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.