Canberra: Gold prices continued climbing as market participants looked for safe havens in light of rising geopolitical tensions. Gold prices were up just shy of 1% to $5182.12 in early morning trading. Gold is up 20% year to date on the back of increased demand from Central Banks and risk-off sentiment. According to Oman News Agency, the persistent rise in gold prices reflects the growing concerns among investors about global uncertainties, prompting a shift towards safer investment options. Central Banks have been significantly contributing to this demand surge as they bolster their reserves with the precious metal. The current geopolitical climate has further accentuated the risk-off sentiment, leading to a sustained rally in gold prices.
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