International gold prices rise 2% as market demand strengthens

Gold Prices – (Web Desk) – Gold prices surged approximately 2% on Monday, fueled by rising tensions in the Middle East after coordinated US and Israeli strikes on Iran.

Investors turned to gold, a traditional safe haven during uncertain times, pushing the price to $5,384.52 per ounce in early Asian trading.

The escalation in the region has sparked global concern over economic stability and potential disruptions in trade.

Market analysts say geopolitical instability often drives demand for precious metals as a secure investment.

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Traders worldwide continue monitoring developments closely, with gold remaining a preferred choice amid heightened uncertainty and market volatility.