🔺 Geopolitical situation & gold price rise

• Israel attacks dozens of military and nuclear targets in Iran 🇮🇱🇮🇷
• Explosions in Tehran, nationwide sirens & air defenses activated
• USA not involved according to government representatives, according to Foreign Minister Rubio it is self-defense

💰 Gold price rises significantly

• Gold +1.5 % → 3,436.97 $ per troy ounce
• Gold futures (August) +1.6 % → 3,459.60 $ per troy ounce
• Investors seek safe havens in times of global uncertainty

📈 Macroeconomic support

• Mild US inflation report 📉
• More initial jobless claims
• Falling producer prices → Expectations of interest rate cuts rise
• Non-interest investments such as gold more attractive

📊 Other commodities at a glance

• Silver +1% → $36.625 per troy ounce (close to 13-year high)
• Platinum -0.8 %, but remains at a 4-year high
• Copper (LME) -0.3 % → $ 9,678.70 per tonne
• US copper futures -0.5% → $4.8195 per pound

$GLDA (+0.86%)
$GOLD (+2.54%)
$GLD (+0.53%)
$GOLD
$LNVA
$B7GN
$DE000EWG0LD1 (-0.09%)
$GOLD (-0.01%)
$4GLD (+1.4%)

Source:

https://de.investing.com/news/commodities-news/gold-legt-zu-israels-angriff-auf-iran-sorgt-fur-flucht-in-sichere-hafen-3034542