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Gold climbs as US-Israel strikes on Iran spark safe-haven demand.
Gold prices rose on Monday after the U.S. and Israel launched major strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.
Spot gold was up 1.88% at $5,376.44 an ounce, as of 0632 GMT, after hitting its highest point in more than four weeks. Earlier in the session, bullion prices had climbed as much as 2%.
🔴Israel launched a new wave of strikes on Tehran on Sunday and Iran responded with more missile barrages, a day after the killing of Khamenei pitched the Middle East and the global economy into deepening uncertainty.
$XAU
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