Gold rose in early Asian trading as renewed U.S.-Iran tensions increased demand
for safe-haven assets. Iran launched missiles, drones and small-boat attacks
against U.S. warships near the Strait of Hormuz, while the U.S. said it
intercepted the threats and struck Iranian military sites linked to the attacks,
according to the Wall Street Journal citing U.S. Central Command. Investors are
also watching upcoming U.S. employment data for signals on economic conditions
and the Federal Reserve’s policy outlook. Bas Kooijman, CEO and asset manager at
DHF Capital, said the labor reports could provide further clues on the direction
of monetary policy.
