Gold jumps as investors seek safe haven amid Middle East conflict
Gold prices climbed sharply on Monday, rising about 2 percent as turmoil in the Middle East following recent US and Israeli strikes on Iran sent investors looking for safer assets.
The move pushed bullion prices to their highest levels in weeks, reflecting growing fears of prolonged conflict and wider market instability.
In early Asian trading, spot gold rose more than 2 percent, with futures also climbing as traders shifted funds away from riskier investments like stocks into assets traditionally viewed as safe in times of geopolitical stress.
Analysts said heightened uncertainty about the impact of the conflict on global trade and energy supplies is a major factor behind the surge in gold demand.
The escalation in the region has sparked renewed interest in gold, which is often seen as protection against market volatility and inflation. Experts suggest that if tensions continue or broaden, gold prices could climb further as investors continue to move capital into safe-haven assets.
Gold’s rise comes alongside other market reactions, including soaring oil prices and falling share prices, as global investors reassess risks tied to the Middle East conflict.
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