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 US Treasuries Boom: Paying Out $2 Million Per Minute Amidst Rising Yields READ MORE Gold Shines: Analysts Project $2,700 Target by Year-End READ MORE Western Demand Propels Gold ETFs to Fourth Straight Month of Gains READ MORE De-Dollarization: A Gradual Shift from US Currency Control READ MORE Over $20 Million in Gold Stolen in Canada’s Largest Airport Heist READ MORE Add a Comment Cancel replyYour email address will not be published.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