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Gold likely to continue record-breaking streak as Middle East tensions simmer

Gold likely to continue record-breaking streak as Middle East tensions simmer

Gold and silver are showcasing consistent safe-haven traits amid escalating tensions in the Middle East, with experts predicting a continued surge. The region's crisis is driving up commodity prices, notably gold and crude oil, due to a perceived war premium. Gold has soared by 29% since October and 18% since February. Geopolitical risks, including conflicts and numerous upcoming elections, are cited as key drivers. Despite brief sell-offs following the US Fed's indication of limited monetary easing, gold has rallied, maintaining its upward trajectory alongside rising equities, the dollar, and bond yields.

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