Gold and silver are trading higher. Safe-haven assets may be rising amid uncertainty following reports of a potential Iranian attack on Israel.
Portfolio Pulse from Benzinga Newsdesk
Gold and silver prices are increasing as investors seek safe-haven assets due to potential geopolitical tensions following reports of a possible Iranian attack on Israel.
October 01, 2024 | 2:10 pm
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POSITIVE IMPACT
The SPDR Gold Trust (GLD) is likely to see increased interest and potential price rise as investors seek safe-haven assets amid geopolitical tensions.
Gold is traditionally seen as a safe-haven asset. With reports of potential conflict, investors are likely to increase their holdings in gold, positively impacting GLD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares Silver Trust (SLV) is likely to benefit from increased demand for silver as a safe-haven asset amid geopolitical uncertainties.
Silver, like gold, is considered a safe-haven asset. The potential geopolitical conflict may drive investors to increase their silver holdings, benefiting SLV.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70