Gold firms on Middle East tensions
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Gold breaks $2,500 as Middle East tensions escalate. Learn why investors are panic buying precious metals despite strong economic data.
Gold rally accelerates as Israel-Iran conflict intensifies and Fed rate cut bets grow. Market watches for breakout above $3,500.20 next week.
Price of gold slipped below the Rs 1 lakh mark even as Iran and Israel continued their attacks, keeping the Middle East on boil.
Spot Gold peaked at $3,452.41 at the weekly opening, retreating towards the current $3,400 price zone throughout the day. The bright metal benefited from weekend headlines spurring risk aversion amid an escalating conflict between Israel and Iran. Middle East tensions continue, but the mood somehow improved, weighing on the bright metal.