Israel Allegedly Preparing to Strike Iranian Nuclear Facilities—Gold Surges Past $3,300!
TradingKey – CNN reports that Israel is reportedly preparing an attack on Iran’s nuclear facilities, driving gold prices sharply higher, reclaiming $3,300 and potentially heading for new record highs.
On Wednesday, May 21, during Asian trading hours, spot gold (XAUUSD) continued its upward trend, surging past $3,300 per ounce and peaking at $3,314, marking a two-week high.
Spot Gold Price Chart – Source: TradingView.
According to CNN, multiple U.S. officials stated that intelligence reports indicate Israel is preparing to strike Iran’s nuclear facilities. Previously, Iran and the U.S. engaged in nuclear negotiations, but Supreme Leader Ayatollah Khamenei expressed skepticism about the prospects of a successful agreement.
This morning, Bitcoin (BTC) rebounded, currently trading at $106,480. Both gold and Bitcoin are hovering near historical highs, reinforcing their status as safe-haven assets. If Israeli-Iranian tensions escalate, both assets could set new records as investors seek protection from geopolitical instability.
Bitcoin 1-Year Price Trend – Source: CoinMarketCap.
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