Gold Prices Ease After Record Surge Amid Middle East Strife After soaring to an unprecedented high, gold prices moderated on Monday, reflecting a cautious recalibration in the market following a spike driven by escalating Middle East conflicts. Spot gold inched up slightly by 0.3% to $2,349.67 per ounce, pulling back from Friday’s record-setting peak of $2,431.29, catalyzed by anticipations of an Iranian counterstrike. Meanwhile, U.S. gold futures mirrored this tepid sentiment with a slight decrease of 0.3%, settling at $2,366.10. The heightened tensions saw Iran executing a bold aerial assault on Israel, using drones and missiles as retribution for an alleged Israeli attack on its consulate. This geopolitical turmoil underscores gold’s status as a refuge for investors during times of international uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Successful Newcrest bid would extend US Newmont’s lead as world’s largest gold producer READ MORE The Largest Gold Reserves by Country Visualized READ MORE China's $170 Billion Gold Accumulation Stirs Taiwan Conflict Fears READ MORE Gold Holds Steady Near $2,465 as Investors Eye CPI Report READ MORE Powell Warns of Extended High Interest Rates in Face of Persistent Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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