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Gold futures just surpassed the $4,400 per ounce mark, reaching the highest level since June 5. This upward momentum came right after news that the U.S. economy lost 23,000 jobs in July. Over the past month as a whole, gold prices have recorded growth of more than 10%.

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Spot silver prices have just seen an impressive rebound of more than 5%, moving close to the $65 per ounce mark and recording a total gain of over 12% in just this week. On the same momentum, gold futures prices are also edging toward the $4,400 per ounce threshold, officially reaching the highest level in the past 8 weeks.

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Why isn't the US attacking Iran while gold is rising?

1. "Hold off on trading" is not the same as "Peace"
The US not striking Iran immediately just eases short-term panic. The nature of the conflict remains simmering and prolonged, creating a long-term uneasy sentiment. Investors are opting to stack up on gold as geopolitical risks loom, ready to flare up at any moment.
2. A weak USD pushes gold prices up
The global gold price is quoted in USD (they're inversely related):

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Why isn't the US attacking Iran while gold is rising?

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