Increased Demand for Safe Haven Assets Supports Gold Prices

Gold prices rose for the second consecutive day, driven by increased demand for safe-haven assets amid political turmoil in South Korea and France.

Today, gold reached a peak of $2,651.45, trading at $2,643.24, marking a 0.05% increase compared to yesterday.

Jigar Trivedi, a senior analyst at Reliance Securities, commented, "Gold has gained some value due to safe-haven purchases prompted by rising geopolitical tensions in South Asia and the Eurozone."

For gold, a strong support level today is noted at $2,621; if this level is breached, a target of $2,603 may be pursued.

Resistance levels are set at $2,658 and $2,678.