Gold Futures End Higher On Safe-haven Demand
KUALA LUMPUR, March 2 (Bernama) — Gold futures on Bursa Malaysia Derivatives settled higher on Monday, tracking gains in US COMEX gold futures, as conflict in the Middle East boosted safe-haven demand despite a firmer greenback. SPI Asset Management managing partner Stephen Innes said global gold prices rose for a fourth consecutive session as escalating conflict in the Middle East drove investors toward safe-haven assets. He noted that prices climbed as much as 2.5 per cent to near US$5,415 per ounce before easing slightly. “The move followed United States and Israeli strikes on Iran that killed the country’s supreme leader, […]