Gold and Silver Prices Climb in Early Asian Trading Amid Middle East Tensions

Deep News

03/02

Gold and silver prices advanced during the early Asian trading session as military strikes by the United States and Israel against Iran fueled demand for safe-haven assets. Spot gold increased by 2.0%, reaching $5,384.46 per ounce, while spot silver rose 2.4%, trading at $96.05 per ounce. According to a market analyst, "Gold continues to be the clearest barometer of investor fear." The analyst noted that the precious metal surged past $5,350 per ounce earlier in the day and has gained approximately 22% year-to-date, reinforcing its status as a preferred safe-haven asset during escalating geopolitical risks.

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Spot gold increased by 2.0%, reaching $5,384.46 per ounce, while spot silver rose 2.4%, trading at $96.05 per ounce. 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