Naval Tension Surcharge
The ongoing friction in Middle Eastern shipping lanes has cemented a 'fear premium' in the market. Investors are prioritizing gold as a primary hedge against potential escalations that could disrupt global energy and trade flows over the coming weeks.
Central Bank Buying
Sustained diversification by Asian and Middle Eastern central banks is providing a solid structural floor. Analysts report that official sector accumulation is increasingly insensitive to price, as nations seek to hedge against sovereign debt volatility.