Gold Prices Rise for Fifth Week Amid Iran-Israel Tensions Gold prices continued their upward trend, marking a fifth consecutive week of gains as investors sought refuge in the safe-haven asset amid escalating Middle East tensions between Iran and Israel. On Friday, spot gold increased by 0.1% to $2,380.68 per ounce and had earlier reached up to $2,417.59. The overall gain for the week was over 1%. U.S. gold futures also saw a rise of 0.1%, standing at $2,396.60. Tensions heightened following reported explosions in an Iranian city, attributed to an Israeli attack, although Iran downplayed the incident, suggesting no immediate retaliation. Analyst Peter Fertig highlighted that these geopolitical uncertainties are bolstering gold’s status as a safe-haven investment. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Soft Landing Scenario May Limit Scope of Fed's Interest Rate Reductions READ MORE Larry Fink Critiques India's Gold Obsession: Little Economic or Investor Benefit READ MORE Inflation Cools, But Debt Troubles Persist for Lower-Income Americans READ MORE What’s Driving Gold to All-Time Highs? READ MORE Global Platinum Market Faces Increased Deficit in 2024, Says WPIC READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment