Gold retreats from $5,400 neighborhood; still up over 1% amid Middle East tensions
Crude and gold have both spiked on the open as markets price the immediate shock. The key question now is durability.
Gold jumps over 2% toward $5,400 after US, Israel attack Iran
Gold price eyes a bullish gap above Friday's high as U.S.-Iran war fuels safe-haven demand and breakout over $5281.16 targets $5602.23.
Escalating US–Iran tensions are likely to push oil prices higher, lift inflation expectations, and drive investors toward gold while increasing downside risks for equities.
The U.S. and Israeli strikes on Iran have intensified uncertainty across global markets, with investors closely watching potential safe-haven flows into bullion. Here is some reaction from investors, traders and analysts: