In the early morning trading session, gold edged slightly higher amid geopolitical tensions.

In early Asian trading, gold edged higher, with geopolitical tensions typically enhancing the safe-haven appeal of the precious metal. Spot gold rose by 0.2% to $4348.10 per ounce. The US seized a second oil tanker near Venezuela on Saturday, increasing pressure on President Nicolas Maduro's government. Milad Azar of XTB MENA said, "Geopolitical tensions remain a key support for gold." The market analyst added, "Friction between the US and Venezuela may continue to escalate." The analyst also pointed out that tensions in the Middle East and Eastern Europe persist.