China Gold Demand Surges Amid Tariff Shock and Stock Market Slump
9 Articles
9 Articles
Gold Prices Surge Amid Middle East Tensions » News.ng
Gold prices soared past $3,440 per ounce on Friday, inching close to all-time highs following Israel’s airstrikes on Iranian nuclear and military sites. The military offensive heightened concerns over growing instability in the Middle East—an essential oil-producing hub—prompting renewed market fears and adding to existing global financial uncertainty. Investors sought refuge in safe-haven assets, triggering a sharp uptick in demand for gold as …
Ihab Wasef, head of the Gold and Precious Metals Division of the Federation of Industries, said that world markets were deeply concerned by developments in the Middle East conflict, which had led gold prices to record large leaps of more than 1.4%, with investors increasingly accepting safe havens.
Coverage Details
Bias Distribution
- 67% of the sources lean Right
To view factuality data please Upgrade to Premium