Gold Reaches New Heights

In an unprecedented surge, the price of gold has skyrocketed to a new record high of $3,030 per ounce. This remarkable increase comes as investors seek safer investments in the wake of escalating geopolitical tensions.

Market Reactions to Global Events

The recent spike in gold prices follows Israel's resumption of attacks on the Gaza Strip, which has prompted Yemen's Houthis to vow an escalation in confrontation with the United States and Israel. This situation has led investors to flock to gold as a safe haven.

Other Precious Metals Also on the Rise

Not only has gold seen a significant increase, but other precious metals have also experienced growth. Silver rose by 0.97% to $34.19 per ounce, platinum increased by 0.54% to $1,007.65, and palladium advanced by 0.50% to $962.12 per ounce.