Gold Rises as US Joining Attacks on Iran Spurs Flight to Safety
Gold rose after the US joined the Israeli assault on Iran , raising the risks of a wider regional war that could push up energy prices.
The precious metal climbed as much as 0.8% after the US struck three key nuclear sites in the Islamic Republic over the weekend, spurring a flight to havens. Oil prices jumped on Monday as the world awaited Iran's response, which could involve attacks on Middle East energy infrastructure or on shipping in the Strait of Hormuz, both of which would be inflationary.
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