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Gold increases 1.6% to over $4,600
Gold prices in the spot market rose by 1.6% to over $4,600 per ounce, with U.S. futures contracts increasing by 1.7% to $4,647, marking a 5% gain since the beginning of the week amid escalating pressures on Iran. Other precious metals also saw notable increases, with silver rising by 2% to $69 per ounce, platinum up by 3.8% to $1,897, and palladium up by 0.6% to $1,342, as concerns continue over escalating geopolitical tensions and their impact on global markets.
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