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Gold Tests Resistance At $1950 As Demand For Safe-Haven Assets Stays Strong

Gold managed to settle above $1935 and is testing the next resistance level at $1950.

Gold attempts to move higher amid rising geopolitical tensions.
Gold markets ignore rising yields and stronger U.S. dollar, which indicates that demand for the safe-haven gold is strong.
A move above $1950 will push gold towards the resistance level at $1965.
Gold Tries To Gain More Ground At The Start Of The Week

Gold is trying to settle above the resistance level at $1950, while Treasury yields are testing new highs.
The yield of 10-year Treasuries has recently managed to settle above the 2.75% level and is trying to move towards the 2.80% level. Longer-term yields have been rising fast in recent weeks, which was bearish for precious metals.

However, gold bulls ignored higher yields as they focused on rising geopolitical tensions. Demand for the safe-haven U.S. dollar has also increased, but stronger dollar failed to put any pressure on gold markets.
Not surprisingly, VanEck Gold Miners ETF managed to settle above $39.50 during the previous trading session and looks ready to test yearly highs near $40.25. In case gold manages to settle above the resistance at $1950, VanEck Gold Miners ETF should gain strong upside momentum and move to new highs.