Gold price on record hunting: Middle East conflicts drive investors to safety!
Gold price on record hunting: Middle East conflicts drive investors to safety!
In the past few days, geopolitical tensions in the Middle East have led to a significant increase in the gold price. After Israel has undertaken military attacks on Iranian nuclear systems, this was confirmed by the International Atomic Energy Agency (IAEA). The gold price fell up on Friday and reached $ 3,444 (approx. 2,970 euros), which brings it closer to the record high of $ 3,500, which was recorded in April 2025. This reports Vienna.at
Investors, in view of these uncertainties in gold, flee as a "safe harbor". On Friday, the gold price recorded an increase of almost two percent and extended from around 1.2 percent to $ 3,426. Analysts see further upward potential that strongly depends on the development of the geopolitical situation in the Middle East. In addition, the withdrawal of US diplomats from Iraq has contributed to an increased unrest in the region.
reactions to the conflict
The reactions to the military actions of Israel are diverse. China condemned the attack and demanded that it be stopped immediately. In Israel, the first fatalities were reported by an Iranian air raid, including a woman in Ramat Gan, who was killed by a weapon splinter. In addition, Iranian air raids that represented a third wave that cities in Israel reached, reported by the semi -state news agency Fars.
The situation continues to come to a head: Israel reports on numerous rockets fired from Iran, and the sirens sound throughout Israel. Nine buildings in Ramat Gan were destroyed by an Iranian attack, with at least 63 injuries being reported. The tensions are also internationally noticeable, the British Prime Minister Straiter and US President Trump had talks about the Iranian nuclear programs. In addition, the anti -Semitism representative Felix Klein warned of an increased threat to Jews in Germany based on the conflicts.
A look at the markets
The continuing tensions in the international political climate lead to increased demand for gold and silver. These precious metals are considered safe systems in times of crisis. Investor entries in precious metals are also due to inflation and increasing economic uncertainty, which reinforces the attraction of gold as protection for wealth. According to goldmarket.
Overall, the current increase in the gold price shows how quickly and obviously market changes react to geopolitical events. Investors are increasingly looking for stability in uncertain times what makes gold a sought -after raw material. The example of this crisis illustrates how political instability influence the economies and how important it is to strive for diversified investments in difficult times.
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| Ort | Vienna, Österreich |
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