Iran Conflict Drives Up the Price of Gold
The start of this week saw the price of gold surge sharply, climbing to roughly $5,400 per troy ounce and marking its highest level in weeks. The move reinforced the metal’s role as a preferred safe-haven asset amid intensifying geopolitical strain, with futures prices advancing by over 2% during the session. This highlights strong investor demand for defensive positioning. The rally coincided with the escalation of hostilities involving Israel, the United States, and Iran, which began with airstrikes that were launched on the last day of last month, targeting Iranian-linked sites in and around the Persian Gulf. In just a few days, the precious metal’s price rose above $5,400, which represents an increase of over 6%. Escalating rhetoric from Tehran and…