Gold futures price ticked up to $2,344, buoyed by safe-haven flows amidst fresh Middle East tension headlines. CME data reflect increased short covering activity, often a precursor to upward momentum in the gold market. Gold has the advantage of having been around for thousands of years, making it the most trusted and established store of value in the eyes of massive pools of capital. But that might be where its advantages end. If you do choose to invest in gold, the commission adds, it’s important to educate yourself on safe trading practices and be cautious of potential scams and counterfeits on the market. Trading volumes increased 8% compared to the 10-day average, hinting at renewed institutional interest. Commodity analysts note that geopolitical tensions in Eastern Europe continue to underpin gold demand in futures markets.
