Gold prices rose slightly in early Asian trading due to geopolitical risks. Spot gold rose 0.3% to $4,493.63 an ounce. Six months after the war with Iran, Israeli officials are raising the prospect of another conflict that could break out due to Tehran's efforts to rebuild its ballistic missile arsenal. Israeli Prime Minister Binyamin Netanyahu said this week that Israel is watching the rearmed actions of Hamas, Hezbollah, and Iran, and will act if necessary. Joseph Dahrieh, head of management at Tickmill, said that continued demand for safe-haven assets supports the price of gold. The head of management added that geopolitical risks are rising in the Middle East, Eastern Europe, Asia and Latin America.

Gold prices rose slightly in early Asian trading due to geopolitical risks. Spot gold rose 0.3% to $4,493.63 an ounce. Six months after the war with Iran, Israeli officials are raising the prospect of another conflict that could break out due to Tehran's efforts to rebuild its ballistic missile arsenal. Israeli Prime Minister Binyamin Netanyahu said this week that Israel is watching the rearmed actions of Hamas, Hezbollah, and Iran, and will act if necessary. Joseph Dahrieh, head of management at Tickmill, said that continued demand for safe-haven assets supports the price of gold. The head of management added that geopolitical risks are rising in the Middle East, Eastern Europe, Asia and Latin America.