Gold Prices Soar 2.13% Amid Geopolitical Concerns and ETF Inflows

Gold prices surged higher by over 2% as investors responded to renewed demand driven by inflows into gold ETFs and robust futures positioning, alongside lingering geopolitical concerns.

The uptrend remains supported by the price moving above the 20-day and 50-day moving averages, although momentum looks capped with the metal still trading below the 200-day moving average.

As of now, the current price is $4467.28, having gained $93.32 or 2.13% today.

The pair opened nearly flat and is trading near session highs at $4481, having shown strength after the open with mixed momentum and oscillator signals.