PRECIOUS-Gold rises 1% as US-Israel strikes on Iran raise regional temperature
ReutersMar 1, 2026 11:10 PM
March 2 (Reuters) - Gold XAU= prices rose more than 1% on Monday, with investors picking up the metal's safe-haven properties after the U.S. and Israel launched large-scale strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei and escalating geopolitical tensions in the region.
Bullion, a traditional safe-haven asset, has hit successive record highs already this year due to heightened global political and economic uncertainty.
The latest rally builds on a 64% surge in 2025, driven by strong central bank buying, robust inflows into exchange-traded funds and expectations of U.S. monetary policy easing.
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