Gold and silver exchange-traded funds (ETFs) surged at the opening bell on March 2 as investors shifted to safe-haven assets following the US–Israel strikes on Iran, reported Mint.
Israel-Iran War LIVE: Markets React to Middle East Tensions
Israel-Iran War LIVE: US-Israel strikes kill Iran’s Supreme Leader, triggering regional turmoil
Israel-Iran War Photo by AP
US-Iran LIVE Conflict: The US and Israel over the weekend launched Operation Epic Fury against Iran, killing Supreme Leader Ayatollah Ali Khamenei and other senior officials. Iran closed the Strait of Hormuz, triggering protests, airspace shutdowns, and heightened regional tensions, while a temporary leadership council assumes the supreme leader’s duties amid ongoing attacks across the Middle East.
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Israel-Iran Conflict LIVE: Gold, Silver ETFs Rally After Iran Strikes
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The escalation has widened the West Asia conflict, prompting heightened geopolitical uncertainty. Analysts expect volatility through the session, with fresh inflows into precious metals likely as global equity markets face pressure amid rising risk aversion and concerns over further regional destabilisation.