From Yahoo Finance: 2025-06-13 14:35:00

Gold prices spiked after Israel conducted airstrikes on Iran’s nuclear sites, causing fears of wider conflict. Gold climbed 1.8% on haven demand, trading near $3,500.10 an ounce. Copper futures fell to $9,645 a metric ton. Analysts predict gold will continue to rise amid uncertainty and geopolitical tensions.

The US was not involved in the attacks, but Iran threatened to respond against America. Gold has risen over 30% this year, with central banks and investors seeking hedges against trade policies and geopolitical risks. Israel’s attack followed warnings from Netanyahu. Iran retaliated with 100 drones, killing top military officials.

Tensions in the Middle East have boosted gold prices, with analysts predicting new highs if conflict escalates. The dollar’s negative correlation with gold is strong. Spot gold was up 1.5% at $3,436.10 an ounce. The Bloomberg Dollar Spot Index rose 0.2%. Silver, platinum, and palladium prices declined.



Read more at Yahoo Finance: Gold Jumps After Israel Launches Strikes on Iran’s Nuclear Sites