The price of gold has risen

The sharp gains continued on the last trading day of the week, rising nearly $35 to a high of $2,418 before stabilizing near $2,410 at the time of writing.

Technical factors continue to support gold prices. Many believe that gold is strongly supported by safe-haven demand as tensions escalate in the Middle East. If the conflict continues to intensify, prices could reach $2,500 in the near future!