Gold Climbs as Geopolitical Tensions Intensify

Gold prices rose for a second straight session, hitting $2,630 as escalating tensions between Russia and Ukraine reignited investor demand for safe-haven assets. Russia unveiled an updated nuclear doctrine on Tuesday, signaling a potential shift in its atomic weapons policy. This announcement coincided with Ukraine’s deployment of U.S.-made missiles on Russian territory for the first time since the conflict began, raising fears of a broader confrontation. Russian Foreign Minister Sergey Lavrov urged the U.S. and its allies to take Moscow’s revised nuclear policies seriously, adding to the geopolitical uncertainty driving gold’s rise. Technically, gold’s rally could continue, with the 4-hour chart showing potential for further gains. However, the Average Directional Index (ADX) points to subdued trend momentum. Key resistance levels to watch include $2,639 and the 200-day simple moving average at $2,654.