Gold prices rise as investors react to strikes on Iran

Investors seek gold as a safe haven after US and Israeli strikes on Iran. Analysts expect price volatility as markets monitor potential energy supply risks.

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Global financial markets are bracing for a period of intense volatility following military strikes by the United States and Israel against targets in Iran. The escalation has prompted a swift reaction from investors seeking safety in bullion and other defensive assets. Analysts anticipate a significant surge in gold prices as traditional exchanges prepare to open for the week.

A collection of gold bars prepared for photography at a Mumbai bullion house in late 2009. REUTERS/Arko Datta
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