Spot prices for the precious metal have climbed 8% since the end of September to trade at nearly $2,007 per Troy ounce Tuesday, per data from Refinitiv.
Bullion prices have surged since Hamas’ first attack on Israel on October 7. Wall Street’s worries about that conflict have boosted safe havens, which tend to retain stable prices during times of geopolitical uncertainty.
Over the past month, gold has thrashed low-risk rivals like the US dollar, on pace to fall nearly 1%, and 10-year Treasurys, which are still reeling from one of the worst crashes in market history.
Source: Business Insider
