Global gold prices touch $1310.72 per ounce in April and are on sharp ascend since. Gold closed at $1315.24 per ounce last, a 0.34% rise from April close.

Insight: Gold is considered a safe haven, especially during global turmoil. Persisting tensions in the Middle East and sharply rising oil prices lead to Gold prices' uptick. A further rise is expected as the year progresses considering oil supply constraints.