Investors Retreat From Risk Assets
Investors have been piling into safe-haven assets
Gold prices were little-changed in early in European trading after the bullion touched a five-month high in Asia as investors piled into safe-haven assets around the world amid rising geopolitical tensions.
Spot gold was marked 0.01% lower at $1,274.30 per ounce in early London trading after reaching a five-month high of $1,279.80 in Asia dealing amid a retreat from risk assets such as stocks and corporate bonds.
Technical analysts have also noted that gold prices have broken through a 200-day moving average of $1,257, suggesting further upside potential that could take the metal to the $1,300 mark.
READ MORE: Gold Takes A Breather, But Upside Potential Looks Real As Global Tensions Mount
