Gold Price News: Gold price stable at USD 2,756 – Geopolitical tensions remain in focus

The gold price remained stable today at USD 2,756 per troy ounce, due to ongoing geopolitical tensions and economic uncertainties. Investors continue to seek safe havens, while global markets remain volatile.

Iran's latest threats against Israel have pushed up oil prices. Iran is reportedly planning an attack on Israel, further escalating tensions in the Middle East. These developments are affecting global markets and increasing the appeal of gold as a safe haven investment.

North Korea's foreign minister has pledged additional support to Russia in the Ukraine conflict. This increased cooperation between Russia and North Korea raises geopolitical risks and contributes to market uncertainty.

In response to the latest developments, the German government has decided to close all Iranian consulates general in Germany. This step highlights the growing tensions between Iran and Western countries and could have further implications for the geopolitical situation.

The German stock index DAX is under pressure today, while oil prices are stabilizing after recent increases. The uncertainties in the stock markets are causing investors to invest more in gold to hedge their portfolios.

Technical analysis indicates resistance at USD 2,760. If this level is breached, the gold price could rise further in the short term. The current geopolitical tensions could serve as a catalyst for such a rise.

With geopolitical tensions and economic uncertainties persisting, demand for gold as a safe haven investment remains high. Analysts expect the gold price to remain volatile in the coming days and potentially reach new highs if the situation were to worsen.