Gold Surges Over 2% Driven by Safe-Haven Demand Amid Geopolitical Tensions
Gold (XAU/USD) increased by more than 2% on Monday, reaching $3,310, driven by a rush to safe assets following recent geopolitical tensions. A Houthi attack on Ben Gurion airport heightened risks in the region, prompting traders to seek refuge in gold. With Israel assuring retaliation and preparing for potential ground actions in Gaza, the atmosphere remains charged. Investors are advised to keep a close watch on the unfolding geopolitical landscape, which could further influence gold prices in the near term.