Gold Rises on Safe Haven Flows

Safe-haven gold is sporting solid price gains in morning U.S. trading Tuesday. Keener risk aversion is seen in the marketplace early this week.



U.S.-North Korea tensions are on the rise as U.S. warships steam toward waters off the Korean peninsula. U.S. and Russian government officials are also meeting early this week, after the U.S. sent 59 Tomahawk missiles into Syria last week. World stock markets have become a bit more wobbly in recent sessions, and that’s also benefitting the gold market bulls. The near-term chart posture for gold remains bullish, and that’s inviting the technical buyers into the market, too. June Comex gold was last up $13.70 an ounce at $1,267.50

via Kitco

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza