Gold prices edged higher on Monday as persistent worries about the global economic outlook fueled demand for safe-haven assets. Investors are increasingly concerned about slowing growth and geopolitical risks, leading them to seek refuge in precious metals.

Factors Driving Gold’s Ascent

• Global Economic Uncertainty: Concerns about a potential slowdown in global growth are prompting investors to seek safer investments.
• Geopolitical Risks: Ongoing political tensions and trade disputes are adding to market volatility.
• Safe-Haven Demand: Gold is traditionally seen as a safe store of value during times of economic and political uncertainty.

Analyst Commentary

Analysts note that gold’s recent performance indicates a growing level of risk aversion among investors. They suggest that the current trend could continue as long as economic and political uncertainties persist.

Market Outlook

The outlook for gold remains positive in the near term, supported by ongoing concerns about the global economy and geopolitical risks. However, any significant improvement in the economic outlook could dampen demand for the precious metal.