Gold prices rise due to geopolitical tensions, with an increasing possibility of U.S. intervention in Iran

According to Jinshi reports, gold rose slightly in the Asian early session, supported by ongoing geopolitical tensions that bolstered gold's safe-haven appeal. On Tuesday, Trump told the Iranian people protesting against the government that "help is on the way," marking the latest signal that the U.S. may take action soon. Carsten Fritsch, a commodity analyst at Commerzbank's research department, stated that the large-scale protests in Iran are providing a tailwind for gold prices, increasing the likelihood of U.S. military intervention.