Gold expected to trend higher amid geopolitical uncertainty ...Middle East

New Delhi: Gold is expected to trend higher in the immediate term. Technically, the price targets for gold remain at $1,990 and $2,030, according to Emkay Wealth Management. Contrary to the usual trend of gold moving up significantly in the weaker dollar scenario, the safe haven status has assumed significance despite a strong dollar scenario, the report said. The ongoing Middle East conflict has boosted investors’ preference for gold which has resulted in upward price mobility in the asset class. Gold prices have remained well supported at $1,880 and $1,860 levels. Taking a perspective before the situation of conflict arose, despite persistent inflation across all major economies, gold was

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