Gold prices rebounded above the $4,100 mark as traders closely monitored developments in the ongoing US-Iran conflict. During the early Asian session on Friday, XAU/USD edged up to around $4,120, reflecting increased safe-haven demand, according to FX Street.
The rise in gold prices underscores the metal's role as a refuge amid geopolitical uncertainty, with investors seeking to hedge against potential market volatility. This movement in the precious metal comes as global markets weigh the implications of the conflict on broader economic conditions.
For Japanese investors, gold's resurgence may influence portfolio strategies, particularly as the yen remains sensitive to shifts in risk sentiment and safe-haven assets.