Reported about 24 hours ago
Gold prices spiked after Israel launched airstrikes on Iran’s nuclear facilities, igniting fears of a broader conflict in the region. The situation heightened market uncertainty, driving demand for gold as a safe haven, causing its price to rise up to 1.7% before settling slightly lower. Iranian leaders have promised severe retaliation, further escalating tensions. The US was reportedly not involved, yet Iran hinted at possible action against American interests. This surge in gold prices is part of a broader 30% increase this year, driven by geopolitical uncertainty and inflation concerns.
Source: YAHOO