Geopolitical jitters lift gold and oil as Iran tensions flare
TL;DR
Geopolitical tensions after the US and Israel struck Iran push gold higher, with spot gold above $5,278/oz and crude oil set for further gains on potential supply disruptions; analysts warn of a sustained rally if the conflict widens, as gold stays a safe haven and oil prices could spike if Hormuz shipping is disrupted, while China’s near-term oil supply impact is limited but higher prices could raise import costs.
- Gold, oil spike as US, Israel strike Iran Global Times
- Investors seek harbour in gold as US and Israel strike Iran Reuters
- Gold Climbs as Middle East War Drives Investor Rush to Safety Bloomberg
- Gold price today, Friday, February 27: Gold remains above $5,100 as U.S.-Iran talks set to continue Yahoo Finance
- Gold And Silver Rally As U.S.-Iran Nuclear Deal Remains Out Of Reach Forbes
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