Gold higher as tensions grow in Middle East and on global dovishness

Gold appears to have a lot going for it today.  Dovish signals from the RBA and ECB further cement easing money will flow globally, as markets brace for the FOMC decision which is expected to see the Fed prepare the markets for their own rate cuts.  Safe-haven flows are also benefiting as tensions continue to grow in the Middle East, although expectations still remain low for a full-fledged war between the US and Tehran.  The yellow metal appears poised to test the recently made 14-month highs.