Gold rises to the US attack on nuclear sites in Iran

Gold rose after the United States joined the Israeli attack on Iran, which increased the risk of a broader regional war that could lead to high energy prices. The precious metal rose to 0.8% after the United States targeted three important core facilities in Iran over the weekend, motivating the purchases of safe havenbates. Oil prices also jumped on Monday, as the world is expected to return Tehran, which could include the attacks on energy infrastructure in the Middle East, or on the shipping in the ‘street of hormuz’, which are factors that would increase inflationary pressure. A new momentum of the rise of gold has given the escalation in the Middle East a new momentum to the UPS which has led gold to rise by about 30% since the beginning of the year. Although the possibility of conflict supports safe assets, any sustainable energy prices can lead to the acceleration of inflation and reduce the possibility of reducing interest rates, a negative development of gold as it does not yield. Immediate gold rose by 06:31 in Singapore by 0.31 to $ 3,377,13 per gram to approach the highest record level in April, only a difference of about 120 dollars. The immediate “Bloomberg” index of the dollar also rose 0.2%. The silver price recorded slight profits, while Platinum and Bolladium dropped.