Prices hit their highest levels since March 2013 at $ 1610.90 earlier in the session. And increased Gold contracts American futures one percent to $ 1589.30 an ounce.
Fears of uncertainty and further escalation in this military confrontation are pushing gold prices higher, said Margaret Yang Yan, market analyst at CMC Markets.
“These (Iranian attacks) inevitably fuel the demand for safe havens, not just gold but also the yen, while stocks are under heavy selling.”
In other precious metals, palladium recorded a new peak at $ 2056.01 an ounce earlier in the transactions due to the persistence of tight supplies, but it was down 0.3 percent in its latest spot price at $ 2045.08 an ounce.
Silver rose 0.8 percent to $ 18.53 an ounce, after recording its highest levels since early September at $ 18.85, while platinum advanced 0.1 percent to $ 970.25.
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By 02:50 GMT, the spot price was For gold Up 0.8 percent to $ 1585.80 an ounce, according to Reuters.
Prices hit their highest levels since March 2013 at $ 1610.90 earlier in the session. And increased Gold contracts American futures one percent to $ 1589.30 an ounce.
Fears of uncertainty and further escalation in this military confrontation are pushing gold prices higher, said Margaret Yang Yan, market analyst at CMC Markets.
“These (Iranian attacks) inevitably fuel the demand for safe havens, not just gold but also the yen, while stocks are under heavy selling.”
In other precious metals, palladium recorded a new peak at $ 2056.01 an ounce earlier in the transactions due to the persistence of tight supplies, but it was down 0.3 percent in its latest spot price at $ 2045.08 an ounce.
Silver rose 0.8 percent to $ 18.53 an ounce, after recording its highest levels since early September at $ 18.85, while platinum advanced 0.1 percent to $ 970.25.
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