Against the backdrop of recent geopolitical developments in the Middle East, investors' shift towards safer assets has caused a sharp increase in the price of gold. In the morning hours, the exchange value of the precious metal rose by approximately 2.7 percent.
Milli.Az reports that gold April futures on the COMEX exchange increased by 142.79 US dollars, or 2.72 percent, compared to the previous session, reaching 5,390.69 US dollars per troy ounce.
At the same time, silver March futures also showed an increase, with the price rising by 1.76 percent to 94.933 US dollars per ounce.
It should be recalled that gold is traditionally considered a "safe haven" asset. When uncertainty increases in global markets or geopolitical risks intensify, investors’ interest in this metal rises further.