Gold and silver are trading higher amid Israel-Iran tensions, which have lifted some safe-haven assets.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver prices have increased due to rising tensions between Israel and Iran, leading investors to seek safe-haven assets.
April 19, 2024 | 6:08 pm
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POSITIVE IMPACT
The SPDR Gold Shares ETF (GLD) is likely to see a short-term increase in price as investors flock to gold amid geopolitical tensions.
Gold often gains value in times of geopolitical uncertainty as it is considered a safe-haven asset. The rising tensions between Israel and Iran have led to increased demand for gold, which is likely to positively impact the price of GLD in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The iShares Silver Trust (SLV) is expected to experience a short-term uptick in price as silver is sought after alongside gold in times of geopolitical stress.
Similar to gold, silver is considered a safe-haven asset and its demand increases during geopolitical tensions. The current situation between Israel and Iran is likely to lead to a short-term increase in demand for silver, positively affecting SLV's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90