Safe-Haven Demand Drives Gold Closer to Peak Amid Middle East Unrest As tensions escalate in the Middle East following Iran’s extensive drone and missile attacks on Israel, gold prices are approaching new record highs due to increased safe-haven demand. On Monday, gold prices rose by 1.7%, nearing last week’s record of over $2,400 per ounce, though the price later settled lower as investors adjusted their positions amidst overheated rally indicators. The ongoing geopolitical uncertainties in the Middle East and Ukraine further enhance gold’s appeal as a safe investment during times of crisis. Chris Weston of Pepperstone Group emphasizes that the geopolitical tensions alone are a compelling reason to invest in gold, anticipating a continued upward trajectory in its price. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Prices Fall as Global Demand Concerns Eclipse Supply Fears READ MORE Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas READ MORE JP Morgan's Warning Sparks Gold Rush READ MORE Wall Street Rebounds: S&P 500 Posts Biggest Gain Since February READ MORE Gold Shines Bright in Early 2024 Amid Anticipated US Fed Rate Cut READ MORE Add a Comment Cancel replyYour email address will not be published.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