Gold Hits Record High as Iran Tensions Roil Markets
• Gold prices rose while Asian stocks fell after Iran's attack on Israel, as investors sought safe havens • Spot gold increased 0.6% to $2,358 per ounce, hitting an all-time high on Friday amid Iran tensions • Oil prices retreated slightly but are still up over 10% this year on geopolitical risk in the Middle East • Iran launched missiles into Israel Saturday in an unprecedented attack following suspected Israeli strikes in Syria • US futures cautiously higher as Biden administration seeks to contain regional tensions after Tehran's strike