Gold Edges Toward Record High as Mideast War Drives Haven Bids

Gold Rose Toward a record high as an escalating conflict between israel and Iran Drove Investors Toward Haven Assets.

The precious metal climbed as much as 0.6% in asia to near $ 3,450 an out, About $ 50 short of an all-time peak set in April. The two countries have each other with barrages of Missile and Drones Over the Weekend, with the Hostilations Pushing Up Energy Pries on the Threat to Energy Infrastructure and Trouble in the Regitation.

The Sudden UPSURGE of Geopolitical Risk has added more impetus to a rally that’s primarily been Driven by the Threat to Global Economic Growth from President Donald TRUMP ‘ Gold has rallied more than 30% in 2025, with Central Banks seeking to diversify away from the dollar being another significant driver.

“Pris are still very close to the record, and give the geopolitical Situation any further escalation will push them higher,” said John Feney, Annalyst at Guardian Gold Australia. “Gold has performed very well as a haven recently, and it seems a lot of investors

The 1.4% Jump in the Precious Metal on Friday came after a two-day as weak us inflation and jobs data fuled bets the federal reserve will cut intererest rates laater this year. Lower Rates Tend to Benefit Bullion as it does any interest.

Spot Gold Rose 0.3% to $ 3,441.35 An Once as of 9:14 AM in Singapore. The bloomberg dollar spot index added 0.1% after dropping 0.8% last week. Silver Edged Lower, While Platinum and Palladium Advanced.

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