Gold prices jump amid rising global tensions

Spot gold rose 2% to $5,384.41 per ounce, while U.S. gold futures advanced 2.9% to $5,397.40 per ounce, reflecting heightened demand amid market uncertainty.

Analysts attribute the increase to geopolitical concerns and ongoing instability in key regions, which have intensified investor interest in precious metals as a hedge against risk.

The rise in gold prices marks a notable shift in the market, as traders monitor developments that could further impact global financial stability.