Gold Prices Surge to Record High Amid Middle East Tensions: Safe Haven Status and Latest Updates

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Israeli Military Conducts Preventive Strike on Iran’s Nuclear Facilities

In a significant development during the night hours, the Israeli army launched a preventive military strike targeting Iran’s nuclear program. The operation signifies an escalation in regional tensions, with Chief of Staff Eyal Zamir warning, “We are now at a point of no return,” highlighting the gravity of the situation. Iranian officials responded with strong rhetoric, indicating that the conflict could escalate further.

Iranian Leadership Responds to Attack

Iranian Supreme Leader Ali Khamenei publicly announced that the attack resulted in the loss of several commanders and scientists involved in Iran’s nuclear development. Spokesperson Brigadier General Ebulfazl Shikarchi claimed that the strike was executed with U.S. support and issued a stern warning: “They will pay a heavy price for their aggression.” The situation underscores the fragile state of regional security and the potential for further conflict escalation.

Gold Prices Reach New Highs Amid Geopolitical Risks

The rising geopolitical tensions have heightened investor demand for safe-haven assets, leading to a significant surge in gold prices. Over the past three trading days, the price of gold per ounce has steadily increased, reaching a new peak of $3,445 today. Currently, gold is trading at approximately $3,425, reflecting a gain of 1.1%.

• Opening Price of Gold per Ounce: $3,385
• Highest Intra-day Level: $3,444
• Current Trading Level: $3,423

Record-Breaking Gold Prices in the Domestic Market

Domestic gram gold prices have also surged to unprecedented levels. The morning opening price was around 4,285 lira, but during the day, it soared to 4,373 lira. At present, it is being sold at approximately 4,337 lira. In the Grand Bazaar, the buying and selling prices are as follows:

• Buy: 4,326 TRY
• Sell: 4,379 TRY

This report has been generated, translated, and reviewed with the support of artificial intelligence by an editor or author. For further details, please refer to our Terms and Conditions. Vezir Agency