Commodities
Gold Price Holds Firm at $4,060 Amid US-Iran Tensions and Labor Market Reports
The price of gold is holding steady near $4,060 as investors weigh the demand for safe-haven assets against rising Treasury yields ahead of key U.S. economic data.
Ongoing U.S.-Iran tensions are continuing to support gold demand, but higher interest rates are limiting its upside potential.
Central banks, including the Bank of Korea, are increasing their gold purchases as part of a trend of reserve diversification amid economic uncertainty.