Investing
Gold prices climb amid geopolitical tensions after US/UK airstrikes in Yemen
© Reuters
NEW YORK – Gold prices witnessed a significant rise today, as investors turned to the safe-haven asset amidst escalating geopolitical tensions. The uptick in prices follows airstrikes carried out by the United States and the United Kingdom in Yemen. On New York’s COMEX, February futures for gold reached a notable $2,051.60 per ounce, while was also up, trading at $2,038.88 per ounce.
The precious metal’s value is often seen as a barometer for geopolitical stability, and today’s increase reflects concerns over the potential fallout from the military actions in Yemen. Alongside the rise in gold prices, U.S. futures also saw an upward movement, with the value recorded at $2,043.35.
Investors typically flock to gold during times of uncertainty, and the current geopolitical climate has reinforced this trend. The airstrikes have raised apprehensions about the stability in the region, prompting a shift towards the relative safety of gold.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
-
Side Hustles6 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Investing6 days ago
How I Transformed My Business by Letting Go of Low-Value Tasks
-
Make Money7 days ago
Here’s the Typical American’s Income at Every Age. How Do You Compare?
-
Investing7 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com
-
Passive Income4 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles4 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles3 days ago
How to Be Unapologetically You and Why It Matters
-
Investing4 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale