Middle East tensions: Safe-haven panic sends gold surging over 1% on Iran conflictMiddle East tensions: Safe-haven panic sends gold surging over 1% on Iran conflict

Introduction

Gold prices rose over 1% after major strikes on Iran killed Ayatollah Ali Khamenei, escalating Middle East tensions and driving demand for safe-haven assets worldwide.

Also Read: NTPC signs MoUs with GMDC to boost energy and mineral collaboration

Gold Surges Amid Iran Conflict

Gold prices rose more than 1% on Monday after the United States and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei and escalating geopolitical and economic tensions globally.

Spot gold gained 1.35% to $5,348.49 per ounce by 2316 GMT. US gold futures climbed 2.2% to $5,362.30. This reflects a strong investor demand for safe-haven assets.

Israel launched fresh strikes on Tehran on Sunday. Iran responded with missile barrages. The killing of Khamenei intensified West Asia tensions and heightened uncertainty across global financial markets.

Gold has hit successive record highs in 2025, supported by geopolitical risks. Prices have surged 64% this year due to central bank buying, ETF inflows and expectations of US policy easing.

Also Read: Netweb Technologies team up with Vertiv to power India’s AI data centres, stock moves up over 20% this month

JP Morgan and Bank of America said gold could approach $6,000. JP Morgan forecast prices may reach $6,300 per ounce by the end of 2026 on sustained demand.

Spot silver rose 1.21% to $94.95 per ounce. Platinum gained 0.31% to $2,372. Palladium fell 0.35% to $1,779.80 as investors monitored US inflation and labour data.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs