Gold jumped to the highest level in four weeks as the intensifying conflict in the Middle East bolstered haven demand, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza. US President Joe Biden’s visit to Israel and Jordan scheduled for Wednesday began to unravel even before he left the ground, after the explosion at a Gaza hospital left hundreds dead and Arab leaders pulled out of a meeting planned for the trip. The threat of escalation continues to provide support for bullion, which has gained about 6% since Hamas’s surprise attack on Israel earlier this month. Previously, the ... (full story)