China Gold Demand Surges Amid Tariff Shock and Stock Market Slump
9 Articles
9 Articles
Gold price today: bullion surges toward all-time high as Israel-Iran conflict triggers safe-haven rush and fuels global market fears
Gold prices surged near two-month highs after Israel launched a major military strike on Iran, targeting key nuclear and military facilities. Spot gold rose to $3,417.10 while August futures climbed to $3,436.90, driven by safe-haven demand as geopolitical tensions spiked. Iran retaliated with over 100 drones toward Israel, further escalating fears. Meanwhile, softer U.S. inflation data boosted expectations of a Fed rate cut, supporting gold's m…
Gold Prices Surge Amid Middle East Tensions » News.ng
Gold prices soared past $3,440 per ounce on Friday, inching close to all-time highs following Israel’s airstrikes on Iranian nuclear and military sites. The military offensive heightened concerns over growing instability in the Middle East—an essential oil-producing hub—prompting renewed market fears and adding to existing global financial uncertainty. Investors sought refuge in safe-haven assets, triggering a sharp uptick in demand for gold as …
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