XAU increased slightly in the Asian session this morning

Closing the trading session in the US market this morning, the world gold spot price was around the threshold above 2,353 USD/ounce, a sharp increase of 19 USD/ounce compared to the previous trading session closing in this market.
Qatar's Ministry of Foreign Affairs protested the massive attack on a refugee camp in Rafah, southern Gaza Strip, just hours after Hamas forces announced that they had fired a series of large-caliber rockets into Tel Aviv and the Central region. Israel. Qatar said Israel's latest attack on Rafah could hinder mediation efforts to reach a ceasefire agreement and exchange hostages with Hamas forces.

Experts say that escalating geopolitical tensions will still support gold prices to increase in the short term. However, investors should also be cautious, because when it increases "hot" due to geopolitics, it will cool down quickly. Furthermore, in the last 2 days of the month, the market will receive some economic information from the US, which could put pressure on gold prices.