Gold prices increase as tensions rise between Israel and Iran, leading to safe-haven demand.

From Investing.com: 2025-06-13 01:28:00

Oil prices surged 10% and Gold breached $3400/oz after Israel’s military strike on Iran. Markets are monitoring for potential escalation and Iranian retaliation. Gold technicals suggest possible upside, with resistance at 3450 and 3475. Oil key levels to watch: 75.00, 77.87, 80.00 – 71.38, 70.00, 68.58. US distances itself from Israel’s strikes, emphasizing protection of American forces. Israel declares state of emergency, anticipates retaliation from Tehran. Israel’s strikes likely killed Iran’s chief of staff and nuclear scientists.



Read more at Investing.com: Gold Outlook Turns Bullish as Israel-Iran Conflict Raises Demand for Havens