Safe-Haven Rush: Gold Jumps 1.7% on Israeli Strikes Against Iran

25.06.13

Gold surged 1.7% to $3,439.79 per ounce on Friday, nearing its April record of $3,500.05, as Israeli airstrikes on Iranian nuclear facilities and missile factories sparked fears of wider Middle East conflict. The precious metal posted a 4% weekly gain. Two factors drove the rally: escalating geopolitical tensions and softer…

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