Gold Prices Continue Rise Amid Geopolitical Tensions

Gold prices have experienced a significant rise in recent days, increasing for the fourth consecutive session and reaching a one-and-a-half-week high of $2,660 per ounce amid escalating geopolitical tensions from the Russia-Ukraine conflict. In Nepal, gold prices rose by Rs 1,000 today to Rs 164,000 per tola, building on previous increases throughout the week. The ongoing conflict has heightened safe-haven demand for gold, with analysts noting that fears of a broader regional conflict and potential nuclear threats have further driven prices upward. However, the strengthening U.S. Dollar and high bond yields may limit gold's gains, as these factors make gold more expensive for international buyers. Investors are closely monitoring Federal Reserve discussions on interest rates, with expectations of a potential rate cut in December that could influence gold prices. Overall, while short-term pressures exist, the longer-term outlook for gold remains bullish due to persistent economic and geopolitical uncertainties.