<\/p>\n\n\n\n
Gold prices surged on Friday as concerns heightened over the escalating conflict in the Middle East due to airstrikes in Yemen, increasing the appeal of the precious metal as a safe-haven asset.<\/p>\n\n\n\n
As of 07:01 GMT, spot gold saw a 0.3 percent rise, reaching $2,034.84 per ounce. Despite a 0.5 percent decline for the week, this upward movement is attributed to rising geopolitical tensions.<\/p>\n\n\n\n
US gold futures also experienced a 1 percent increase, reaching $2,039.10.<\/p>\n\n\n\n
Kelvin Wong, Chief Market Analyst for the Asia-Pacific region at OANDA, emphasized that attention is now focused on the growing geopolitical tensions. He noted that these tensions are “supporting gold prices above the 50-day moving average of $2,015.”<\/p>\n\n\n\n
The United States and Britain initiated strikes against Houthi movement sites in Yemen, further intensifying concerns in the region.<\/p>\n\n\n\n
In tandem with gold, other precious metals also saw positive movements. Silver in spot transactions increased by 0.5 percent to $22.86 per ounce, platinum gained 0.3 percent, reaching $917.82, and palladium rose by 0.3 percent to $990.98.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices surged on Friday as concerns heightened over the escalating conflict in the Middle East due to airstrikes in Yemen, increasing the appeal of the precious metal as a safe-haven asset. As of 07:01 GMT, spot gold saw a 0.3 percent rise, reaching $2,034.84 per ounce. Despite a 0.5 percent decline for the week, …<\/p>\n","protected":false},"author":9,"featured_media":89734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[9278],"class_list":["post-95274","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold-price"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=95274"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95274\/revisions"}],"predecessor-version":[{"id":95275,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95274\/revisions\/95275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/89734"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=95274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=95274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=95274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}