The precious metal is currently trading north of $4,130 per ounce as intensifying Middle East hostilities prompt investors to seek refuge in traditional safe-haven assets, despite sustained strength in the US dollar and elevated Treasury yields. Gold futures advanced 1.5% to reach $4,137 during Wednesday’s session. This followed a substantial 2% surge in the prior trading day, marking the strongest weekly performance for the yellow metal in more than 90 days. Ongoing hostilities near critical maritime chokepoints, particularly the Strait of Hormuz and Red Sea corridors, continue to rattle energy markets. In a ... (full story)