星球日报|Feb 06, 2026 12:12
[Gold Prices Rise Amid Stock Market Decline and Ongoing U.S.-Iran Tensions Driven by Safe-Haven Demand]
Odaily Planet Daily News: On Friday, spot gold rebounded after a sharp sell-off in the previous trading session. With global stock markets weakening and U.S.-Iran tensions persisting, gold found some support despite the CME raising precious metal margins to address risks. OANDA Senior Market Analyst Kelvin Wong stated: 'We are indeed seeing some safe-haven inflows, but it’s worth noting that after last Friday’s sell-off, the market remains cautious... Concerns over U.S.-Iran tensions still linger.' He added: 'In the short term, gold prices may experience volatility.' Wall Street’s global stock market sell-off spread to Asia on Friday, with most regional benchmark indices closing lower. Additionally, the U.S. Dollar Index hovered near a two-week high, exerting pressure on precious metal prices this week. (Jin10)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink