Global gold prices higher

Gold prices pushed higher on Wednesday, building on the previous session’s gains but investors remained wary as continued strength in the dollar looked likely to hold gains in check. Gold for December delivery was up 0.30% to $1,225.70 on the Comex division of the New York Mercantile Exchange from $1,222.00 late Tuesday. Gold prices gained ground on Tuesday, recovering from the lowest levels since January as the dollar eased after hitting four year highs against a basket of major currencies. Gold prices found some support amid increased safe haven demand as US airstrikes in Syria stocked concerns over geopolitical risks. Asian equities were broadly lower overnight as the US airstrikes curbed investor appetite for riskier assets. Gold has traditionally been seen as a safe haven investment in times of global economic uncertainty, according to investing.com