Gold Jumps 2% After U.S.-Israeli Strikes on Iran

Gold prices surged sharply by about 2% on Monday after the United States and Israel launched extensive strikes on Iran, resulting in the death of Supreme Leader Ali Khamenei, which heightened geopolitical tensions in the region and drove investors to seek safe havens.

According to reports from Reuters, gold in spot transactions recorded an increase of 1.65% to reach $5366 per ounce at 00:14 GMT, while futures rose by about 2.8% to reach $5395.40 per ounce.

Gold continues to achieve consecutive record levels this year, supported by global political and economic uncertainty.

This latest rise also boosts the massive gains that the yellow metal has achieved during 2025, as it recorded a 64% increase thanks to purchases by central banks, significant inflows into exchange-traded funds, and expectations of easing U.S. monetary policy.

With these developments, gold continues to play its role as a safe haven for investors in times of crisis, while the world closely monitors the implications of these events on global markets and energy.