According to ChainCatcher, gold prices slightly rose during Monday's early Asian trading session due to potential safe-haven demand triggered by geopolitical tensions. Israel and Iran intensified airstrikes over the weekend, while U.S. President Trump stated that the United States might "possibly" be drawn into this conflict.
Market analyst Fawad Razaqzada noted that gold has been rising driven by safe-haven funds. Razaqzada added: "Under the influence of factors such as increased geopolitical risks in the Middle East, gold's prospects are undoubtedly still positive."
