Gold prices rose modestly on Tuesday as investors sought refuge from concerns about global economic uncertainty and trade tensions. The precious metal is often seen as a safe-haven asset during times of market volatility.

Factors Influencing Gold Prices

• Trade Tensions: Ongoing trade disputes between major economies continue to weigh on investor sentiment.
• Market Volatility: Concerns about potential market corrections have increased demand for safe-haven assets.
• Geopolitical Risks: Geopolitical instability in various regions also contributes to gold’s appeal.

Analyst Commentary

Analysts note that gold’s price movement is closely tied to investor risk appetite and macroeconomic developments. Further escalation of trade tensions or increased market volatility could provide additional support for gold prices.

However, a stronger US dollar and rising interest rates could potentially limit gold’s upside potential.