Gold prices rose to their highest level ever today, Friday, recording gains for the fourth week in a row, as a result of increasing geopolitical tensions, including the Israeli aggression on the Gaza Strip and anticipation of a possible Iranian strike targeting Israel in response to its bombing of the Iranian embassy in Damascus earlier this month.
The spot gold price rose 0.9% to $2,395.66 per ounce by 11:00 GMT, after reaching a peak of $2,400.35 earlier today. Gold prices witnessed an increase of approximately 3% during this week.
