Gold (XAUUSD) Jumps After Iran Strike Against Israel Stokes Haven Demand

Gold traded below last week’s new high, even after Iran’s unprecedented attack on Israel over the weekend.

Bullion rose as much as 1.2% as the conflict in the Middle East entered a dangerous new phase, before paring most of that gain. The Islamic Republic fired more than 300 drones and missiles against Israel, though most were intercepted and there were no fatalities reported.