Gold prices recovery with demand growth

Gold revived today, as the growing geopolitical fog between Israel and Iran and calling on US President Donald Trump to evacuate Tehran to investors’ demand for safe haven.

Gold rose in instant transactions 0.4 percent to $ 3396.67 an ounce by 02:39 GMT after decreasing by more than one percent, on Monday.

The American gold futures settled at $ 3416.30.

“The morale of the market is still oscillating between escalation and calm regarding events in the Middle East, and these transformations in the morale back and forth are what leads the movements of the price of gold on both sides of the level of $ 3400,” said Tim Wattrar, the chief market analyst at K.CT, said.

As for other precious metals, silver increased in instant transactions 0.3 percent to $ 36.41 an ounce, and platinum advanced 0.6 percent to $ 1251.20, while palladium increased 0.2 percent to $ 1031.68.