Israel-Iran tensions fuel gold to near two-month high as investors seek safe haven

Israel-Iran tensions fuel gold to near two-month high as investors seek safe haven

“We now expect a gold price of US$3,400 per troy ounce by the end of (2025),” Commerzbank said in a note. Read more at straitstimes.com.

SPDR Gold Shares Sees Unusually Large Options Volume (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLD – Get Free Report) saw some unusual options trading activity on Friday. Investors acquired 638,242 call options on the company. This represents an increase of approximately 64% compared to the typical volume of 388,985 call options. Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of GLD. […]

Gold rallies to near-two month high as Middle East conflict intensifies

Investors were flocking to gold on Friday after Israel’s attack on Iran sparked a demand for the safe haven asset. The rush sent gold prices up one per cent to their highest level in nearly two months at $3,441.90  The bullion pulled on track for a weekly gain as the Middle Eastern conflict ramped up. Shares in gold miners Fresnillo and Endeavour each climbed one per cent during early trading. Ricardo Evangelista, senior analyst at ActivTrades,…