![A declining U.S. dollar and the Middle East conflict both contributed to gold’s slight increase](https://market-tracker.in/wp-content/uploads/2024/01/istockphoto-1502148376-612x612-1-600x400.jpg)
A declining U.S. dollar and the Middle East conflict both contributed to gold’s slight increase
In the previous trading session, gold showed strong performance, closing at 61769. It was up 0.43%. The increase in demand for safe haven assets due to the ongoing Middle East turmoil and a weaker US dollar were the reasons for the price surge. The cautious market mood is partly due to investors attentively following remarks…