Gold Prices Jump Over 2% Amid Rising US-Israel Tensions With Iran | Stock Market Today

Market Performance

Gold prices surged sharply on Monday, rising more than 2% as geopolitical tensions escalated between the U.S., Israel, and Iran. Investors flocked to safe-haven assets amid concerns of prolonged instability in the Middle East.

• Spot gold climbed 2.1% to $5,390.38 per ounce as of 10:50 GMT.
• Earlier in the session, gold reached a four-week high of $5,594.82 per ounce.
• U.S. gold futures jumped 3% to $5,406.30 per ounce.

Global equities slipped as uncertainty over the Middle East conflict weighed on risk sentiment. The market reacted quickly to the evolving situation, driving a strong demand for bullion.

Main News

The escalation began after coordinated U.S.-Israel strikes on Iran, which sparked retaliatory actions from Tehran targeting Gulf cities hosting U.S. military bases.

Key highlights from the conflict impact:

• Regional air travel faced disruptions.
• Passage of oil and product tankers through the Strait of Hormuz was halted temporarily.
• Israel broadened its operations to target Iran-backed Hezbollah militants in Lebanon.

Rising tensions have heightened market uncertainty, pushing investors to flock toward safe-haven metals like gold and silver.

Company Details / Commodity Overview

Gold has maintained its upward momentum in 2026, building on last year’s 64% rally driven by global political instability and economic uncertainty.

Additional bullion trends:

• Silver: Spot silver increased 1.7% to $95.36 per ounce, reaching its highest level in a month.
• Platinum: Spot platinum edged down 0.7% to $2,348.65 per ounce.
• Palladium: Spot palladium rose 0.8% to $1,806.96 per ounce.

The ongoing geopolitical risks continue to support gold’s appeal, reinforcing its role as a defensive investment in volatile markets.

Summary

The sharp rise in gold prices reflects growing investor caution amid escalating Middle East tensions. With the U.S. and Israel striking Iran and Iran responding against regional targets, the safe-haven demand has strengthened significantly.

• Gold remains at multi-week highs, drawing global attention.
• Silver and palladium also gained, while platinum dipped slightly.
• Market sentiment is dominated by geopolitical uncertainty and potential disruptions to oil transport through the Strait of Hormuz.

Investors and markets are closely watching developments, highlighting gold’s enduring role as a refuge during periods of uncertainty.

Source: Moneycontrol