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Gold rises 1% as Middle East conflict spurs safe-haven demand

IndiaTimes Monday, 9 October 2023
Gold prices surged over 1% on Monday as the conflict between Israel and Hamas increased political uncertainty in the Middle East. The violence has led to safe-haven buying of assets like gold. The escalating tensions between the two sides could potentially trigger a major war in the region, boosting the demand for safe-haven assets. However, higher US interest rates and a potential inflation print later in the week may dampen gold's appeal. Other metals such as silver, platinum, and palladium also saw gains.
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Video Credit: Rumble - Published
News video: Badlands Media Special Presentation - History of Conflict in the Middle East

Badlands Media Special Presentation - History of Conflict in the Middle East

 Jon Herold and Ghost of Based Patrick Henry of Badlands Media go through the history of how western intelligence helped shape the modern Middle East.

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