
Geopolitical jitters lift gold and oil as Iran tensions flare
Geopolitical tensions after the US and Israel struck Iran push gold higher, with spot gold above $5,278/oz and crude oil set for further gains on potential supply disruptions; analysts warn of a sustained rally if the conflict widens, as gold stays a safe haven and oil prices could spike if Hormuz shipping is disrupted, while China’s near-term oil supply impact is limited but higher prices could raise import costs.




