Gold Prices Surge as Middle East Conflict Drives Safe-Haven Demand

Deep News03-02 07:30

Gold prices advanced as investors shifted toward safer assets amid escalating tensions in the Middle East. The precious metal rose as much as 1.8% to over $5,374 per ounce at the opening, extending gains after a weekly increase exceeding 3%. The surge followed a series of missile attacks launched by Tehran targeting objectives in multiple nations, retaliating against U.S. and Israeli strikes over the weekend. The conflict further intensified as Iran’s Supreme Leader Ayatollah Ali Khamenei was reported killed during the initial day of attacks.

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