Escalating Middle East Tensions Drive Safe-Haven Buying, Gold Price Just $50 Away from New Record High

According to Jinse Finance, gold prices moved toward record highs on Monday as escalating tensions between Israel and Iran prompted investors to seek safe-haven assets. In early Asian trading on Monday, gold prices rose as much as 0.6% to above $3,450 per ounce, just about $50 shy of the all-time high set in April. The sudden surge in geopolitical risks has further fueled the rally in gold prices, which has been primarily driven by concerns that Trump’s aggressive tariff agenda could threaten global economic growth. Gold has risen by more than 30% in 2025, with central banks seeking to diversify away from the US dollar serving as another key driver. (Jin10)