Gold prices in the Asian market rose in early trading, boosted by safe-haven demand.
Gold prices rose in Asian early trading. Spot gold rose by 0.3% to $3,633.87 per ounce. Sean Hoey, Managing Director of IBV International Vaults London, reported that gold prices have recently surged above $3,600 per ounce, reflecting investors' demand for safe-haven assets as global economic and geopolitical uncertainties continue to escalate. Hoey added that there has been a significant increase in demand for physical precious metals, which are not affected by overall market fluctuations.
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