Gold price rises above $3,400 on rising Middle East tensions
Gold price gains traction to around $3,425 in Friday’s Asian session, adding 1.15% on the day. Israeli PM Netanyahu said operations against Iran will continue for many days. Geopolitical risks and rising Fed rate cut bets support the yellow metal. The Gold Price (XAU/USD) rises to over five-month highs near $3,425 during the Asian trading