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Gold jumps over 2% as US-Israel strikes on Iran trigger rush to safe havens
Gold prices rose more than 2% as U.S.-Israel strikes on Iran expanded on Monday with no end in sight, stoking fears of wider geopolitical and economic uncertainty and sparking a flight to safe havens. Spot gold gained 2.1% to $5,390.38 an ounce as of 1050 GMT, after hitting a more than four-week high earlier in the session. The metal touched a peak of $5,594.82 on January 29. U.S. gold futures rose 3% to $5,406.30 per ounce. "What we're seeing is an increase in safe-haven assets, which is reflected in the gains in gold and also reflected in the losses of risk-related assets, such as stocks," said ActivTrades ... (full story)
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- Mar 2, 2026 6:35am Posted byFundamental Analysis218
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