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 Central Banks Hedge Against the Dollar, Turning to Gold in a Strategic Shift READ MORE U.S. Dollar Stabilizes After Better-Than-Expected GDP Report READ MORE From Bust to Boom: Miners Seek Investor Redemption Amid Price Surge READ MORE Evergrande's Liquidation: A Significant Turn in China's Property Crisis READ MORE Copper to $12,000, Gold to $2,700, Says Goldman Sachs READ MORE Add a Comment Cancel replyYour email address will not be published.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