Iran’s Strike Against Israel: Gold Nears Record High Gold rose last week as geopolitical tensions flared with Iran’s attack on Israel, hinting at a volatile climb before slipping back below last week’s record highs. The conflict’s escalation initially pushed investors towards the safety of gold, driving prices up 1.2% as they braced for further unrest. However, despite the significant increase in hostilities, the surge was short-lived. Technical signals suggested the rally was overstretched, prompting a round of sell-offs that pulled gold prices down from their peak. Although the precious metal breached the $2,400 mark, it settled lower as the market digested the potential impacts of ongoing tensions in the Middle East. Investors remain on edge, watching closely for any further developments that might reignite the rush to this traditional safe haven. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Chair Powell: Labor Market 'Fully Back in Balance' READ MORE U.S. Labor Market Surges with 353,000 New Jobs in January, Crushing Expectations READ MORE Barron's: Gold Prices Are About to Shoot Even Higher READ MORE Silver Will Be GONE In The Blink Of An Eye…There's A LOT LESS Than People Think! READ MORE Moderate U.S. Inflation Rise Suggests Fed Could Keep Rates Steady Until Fall READ MORE Add a Comment Cancel replyYour email address will not be published.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