Gold breaks $2,500 as Middle East tensions escalate. Learn why investors are panic buying precious metals despite strong economic data.

Gold rally accelerates as Israel-Iran conflict intensifies and Fed rate cut bets grow. Market watches for breakout above $3,500.20 next week.

Price of gold slipped below the Rs 1 lakh mark even as Iran and Israel continued their attacks, keeping the Middle East on boil.

Spot Gold peaked at $3,452.41 at the weekly opening, retreating towards the current $3,400 price zone throughout the day. The bright metal benefited from weekend headlines spurring risk aversion amid an escalating conflict between Israel and Iran. Middle East tensions continue, but the mood somehow improved, weighing on the bright metal.

Tensions between the U.S. and Iran have been rising, but the big moves in gold and oil prices can help gauge just how serious the situation has become — and hint at what’s next for global financial markets.

Gold prices on the Multi Commodity Exchange (MCX) have surged amid rising tensions in the Middle East, with analysts warning that any further escalation could push rates to ₹1.02–1.05 lakh per 10 grams.

The usually slow-to-move asset has gained a whopping 30% since the beginning of the year, catalyzed by US President Donald Trump’s trade tariffs and, more recently, an escalation of military action in the Middle East following an Israeli missile strike on Iran on June 13, which caused Bitcoin prices to fall.

Oil prices are on the rise again after former U.S. President Donald Trump called for the evacuation of Tehran, sparking fears of a broader Middle East conflict. As missiles fly between Israel and Iran,