Analyst: The outlook for gold prices remains optimistic driven by safe-haven demand

ChainCatcher news, on Monday's Asian morning, gold prices rose slightly due to geopolitical tensions that may stimulate safe-haven demand. Israel and Iran intensified airstrikes over the weekend, while U.S. President Trump stated that the U.S. "could possibly" get involved in the conflict.

Market analyst Fawad Razaqzada stated that gold has been rising under the influence of safe-haven funds. Razaqzada added, "Given the increasing geopolitical risks in the Middle East, the outlook for gold is undoubtedly still positive."