Gold Prices Climb as Israel Strikes Tehran Infrastructure
Spot gold rose 0.6 percent to 5,168.43 dollars on Thursday as Middle East tensions increased. A strong dollar and Fed policy concerns limited further gains.
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The price of Gold moved higher on Thursday as safe-haven demand intensified following a major military escalation in the Middle East. Israel conducted a series of significant air strikes against infrastructure in Iran, specifically targeting Tehran. This action followed a barrage of Iranian missiles that had previously sent millions of Israelis into bomb shelters. Spot gold rose 0.6% to $5,168.43 per ounce, while futures in the United States for April delivery climbed 0.9% to $5,179.20.
