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Gold Edges Toward Record High as Mideast War Drives Haven Bids
Gold (GC=F) rose toward a record high as an escalating conflict between Israel and Iran drove investors toward haven assets. The precious metal climbed as much as 0.6% in Asia to near $3,450 an ounce, about $50 short of an all-time peak set in April. The two countries hit each other with barrages of missile and drones over the weekend, with the hostilities pushing up energy prices on the threat to energy infrastructure and transport in the region. The sudden upsurge of geopolitical risk has added more impetus to a rally that’s primarily been driven by the threat to global economic growth from President Donald ... (full story)
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- Jun 15, 2025 10:10pm Posted byFundamental Analysis266
