Gold surges over 1.5% to $4,116

Gold prices rose by over 1.5% to $4,116 an ounce, boosted by geopolitical uncertainty and global market tensions, especially due to the ongoing conflict between the United States and Iran. Meanwhile, the recent easing of tensions between Washington and Tehran and the halt of military operations led to a decline in oil prices, with Brent crude falling to $86 and West Texas Intermediate to $85, reinforcing demand for gold as a safe haven. Markets anticipate that gold will continue to be influenced by economic events, particularly central bank decisions and the earnings of major corporations, which will determine its future trends.

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