Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand.
Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea.
In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven.
Source: Newsmaker.id
