Middle East Conflict Another Boost for Gold, Headwind for Copper
0011 GMT — Gold prices should rally amid the escalating conflict in the Middle East, says ANZ analyst Daniel Hynes. He reckons the precious metal has been 'a relatively good hedge' against uncertainty triggered by major geopolitical events. 'This Middle East conflict threatens to be one of the biggest issues facing the world in recent memory.' That is likely to trigger demand for gold as a safe haven, offsetting any concerns about the prospect of fewer U.S. rate cuts, he says. Spot gold is up 0.1% at $3,369.92/troy ounce. The Middle East conflict will meanwhile be another headwind for industrial metal copper, which is viewed as a proxy to global economic growth, Hynes says. LME 3-month copper is down 0.1% at $9,628/metric ton. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
2359 GMT — Gold edges higher in the early Asian session amid worries over the Middle East conflict. 'Recent escalation between the U.S. and Iran, marked by airstrikes on Iranian nuclear sites, has introduced a new layer of uncertainty into global markets,' DHF Capital's Bas Kooijman says. 'The fear of a broader regional conflict in the Middle East has driven a surge in demand for gold as investors seek to mitigate risk,' the CEO and asset manager adds. Spot gold is 0.2% higher at $3,373.57/oz. (ronnie.harui@wsj.com)
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With decades of experience from law enforcement and federal intelligence, the team behind Trinsec7 brings an unmatched level of expertise to the table. The company is already making an impact in the home security market, where families are increasingly aware of the risks of being online but hesitant to invest in expensive, complex solutions. Trinsec7 is addressing these concerns by providing simple, scalable cybersecurity tools that deliver lasting protection against evolving digital threats. About Trinsec7 Trinsec7 is committed to providing world-class cybersecurity solutions that are accessible to everyone. Leveraging years of experience from U.S. Special Operations, the Intelligence Community, and Federal Law Enforcement, Trinsec7 delivers cutting-edge protection designed to predict and prevent cyber threats before they arise. The company's mission is to make enterprise-grade cybersecurity accessible to every family, ensuring that smart homes and personal devices remain secure from hackers, data breaches, and digital threats. Media Contact James Otis VP of Business Development and Security Trinsec7 Email: [email protected] Contact Info: Name: James Otis Email: Send Email Organization: Trinsec7 Website: Release ID: 89162897 Should you come across any errors, concerns, or inconsistencies within this press release's content, we urge you to reach out without delay by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our committed team will promptly address your feedback within 8 hours and take appropriate measures to resolve any identified issues or guide you through the removal process. 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