The latest session saw gold prices reaching another all-time high, surpassing the $3007 mark. This surge is primarily attributed to the collapse of the Israel-Hamas ceasefire. Israeli Prime Minister Benjamin Netanyahu’s confirmation of “extensive strikes” launched on Gaza, following Hamas’s refusal to release hostages, has further escalated tensions in the region.

This geopolitical instability continues to drive capital into safe-haven assets like gold. Investors must stay alert to ongoing developments and their implications for market dynamics, as tensions in the Middle East are likely to keep gold trading at elevated levels.