Gold hovers near record high on growing geopolitical concerns


A worker polishes gold bullion bars in Australia. — AFP

GOLD prices edged higher on Tuesday, trading not too far away from a record high hit last week, as concerns over rising geopolitical tensions between Iran and Israel propped up demand for the safe-haven metal.

Spot gold was up 0.1% at $2,385.35 per ounce, as of 0611 GMT, after hitting an all-time high of $2,431.29 on Friday. U.S. gold futures rose 0.8% at $2,401.90.

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Gold , geopolitical , Iran , Israel

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