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 Canada's MSB Registry Under Scrutiny: A Loophole for Financial Crime? READ MORE UBS Sees Strong Potential in Commodities, Elevates Precious Metals Allocation READ MORE Gold Soars to New Heights as Fed Rate Cut Approaches READ MORE Fed's Mester Awaits Further Inflation Drops Before Lowering Rates READ MORE Oil Prices Climb as Middle East Tensions Escalate Before OPEC+ Meeting READ MORE Add a Comment Cancel replyYour email address will not be published.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