Posted 4/15/2024, 7:27:27 AM
Gold Hits Record High as Iran-Israel Tensions Threaten Oil Supplies
- Gold prices reach all-time high as tensions escalate between Iran and Israel over attacks
- Asian stocks fall as gold prices continue to rise amid geopolitical uncertainty
- Spot gold price increases 0.6% to $2,358 per ounce, after hitting record $2,431 on Friday
- Oil prices drop after reaching highs on Friday, but Iran's involvement in Israel-Palestine conflict risks further disruption
- Analysts say Israel's reaction to Iran's entry into the conflict will likely determine the extent of risk to oil supplies