Gold prices have soared to more than $2,000 an ounce for the first time in nearly six months as the ongoing Israel-Hamas conflict has raised the precious metal’s safe-haven appeal. With experts cautioning that the Israel-Hamas conflict could trigger a larger conflict in the Middle East region and impact the global economy, investors are increasingly turning their attention to gold as a hedge against potentially volatile times.
Soon after the Israeli military said it would “expand ground activity” in Gaza, spot gold prices surged by up to 1.2%, putting gold on track to…
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