Gold Price Soars Amid Geopolitical Tensions
Gold has resumed its upward trend this Friday morning, reaching $3,425 per ounce around 06:30 GMT, a 1.17% increase. This renewed interest in gold comes amid a highly tense geopolitical climate, following the Israeli army's massive airstrikes on military and nuclear installations in Iran.
These strikes have triggered an immediate impact on global markets. Major European stock exchanges have opened with significant losses: Paris dropped by 1.27%, Frankfurt by 1.47%, and London by 0.66%, the latter being partially supported by the rise in oil values. Meanwhile, Asian markets have also suffered from this escalation, with Tokyo's Nikkei yielding 0.88% in losses.
In this uncertain climate, investors are instinctively turning to safe-haven assets. Apart from gold, the Japanese yen and Swiss franc are also in high demand, while riskier assets like stocks or cryptocurrencies are under pressure. Bitcoin, for instance, has plummeted by 1.93% to $103,964.
