Gold prices remained elevated on Monday, supported by persistent geopolitical uncertainties and concerns about the global economic outlook. These factors have bolstered gold’s appeal as a safe-haven asset, offsetting pressure from a stronger US dollar.

Ongoing tensions in Eastern Europe and the Middle East continue to fuel investor anxiety, driving demand for safe assets like gold. Economic data released last week also contributed to concerns about a potential slowdown in global growth, further supporting gold prices.

Analysts note that while a stronger dollar typically weighs on gold prices, the current level of uncertainty is providing significant support. Investors are closely monitoring geopolitical developments and economic indicators for further direction.

Spot gold was trading at $2000 an ounce, near its recent highs. Market participants anticipate continued volatility in the near term, with gold prices expected to remain sensitive to geopolitical and economic news.