Gold (XAUUSD) Jumps After Iran Strike Against Israel Stokes Haven Demand

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Gold advanced to near a record after Iran’s unprecedented attack on Israel over the weekend drove demand for haven assets.

Bullion rose as much as 1.2% as the conflict in the Middle East entered a dangerous new phase, before paring around half of that gain. The Islamic Republic fired more than 300 drones and missiles against Israel, though most were intercepted and there were no fatalities reported.

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