Gold prices rise, Asian markets fall after Tehran’s attack on Israel

Gold prices increased while Asian stocks mostly declined on Monday due to escalating geopolitical tensions in the Middle East following Iran’s unprecedented attack on Israel.

Major Asian indices such as Japan’s Nikkei 225 and South Korea’s Kospi experienced declines of over 1% in morning trade, while Hong Kong’s Hang Seng Index dropped by 0.8%.

However, China’s Shanghai Composite Index saw a rise of 1.2%.

The price of spot gold rose by 0.6% to $2,358 per ounce on Monday, following its all-time high of $2,431 per ounce on Friday amidst concerns over potential Iranian aggression against Israel.

Gold has surged by 18% this year, with US gold futures also increasing by 0.1%, marking a 15% rise for the year.

Oil prices, which had climbed on Friday in anticipation of retaliation from Iran, slightly retreated during Asian trading hours on Monday, CNN has reported.

READ MORE: https://www.cnn.com/2024/04/14/markets/asian-markets-gold-oil-iran-attack-israel-intl-hnk/index.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

#Gold #WallStreet #StockMarket