Gold steady as Trump's Iran deadline looms - Reuters

Gold prices saw a slight increase as investors engaged in "dip-buying," purchasing the precious metal after a recent price drop. This upward movement is primarily driven by heightened investor focus on developments in the Middle East. Gold is traditionally viewed as a safe-haven asset, meaning its demand often rises during periods of geopolitical uncertainty or economic instability. The current geopolitical landscape, particularly in the Middle East, is prompting investors to seek out assets that are perceived as reliable stores of value. This trend indicates ongoing market sensitivity to international events, influencing commodity prices.