Gold prices jumped after the eruption in tensions in the Middle East as investors erred to the side of caution in fear of further escalation.
Safe haven assets, including gold, could become more attractive in the meantime and could see more inflows if tensions do not abate.
The market could see more volatility as new geopolitical developments emerge. However, gold prices could remain under pressure overall with interest rates and bond yields at elevated levels as monetary policy could remain a major weight.
