Gold edges higher in early Asian trade as safe-haven demand persists, with geopolitical and political risks continuing to lend support.

DHF Capital CEO and asset manager Bas Kooijman notes that ongoing tensions are keeping investors cautious, driving flows into gold. NATO recently condemned Russia’s violation of Estonian airspace, calling it part of a broader pattern of aggression and warning that it stands ready to take "all necessary measures" to defend its members. Such developments have reinforced gold’s appeal as a hedge against geopolitical uncertainty.

At the same time, markets are eyeing the looming risk of a potential U.S. government shutdown next week, which could add another layer of volatility and further underpin demand for the precious metal. Against this backdrop, spot gold inched 0.1% higher to $3,740.58 per ounce in early Asian trading.