00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gold prices rose more than 2% on Monday as U.S.-Israel strikes on Iran expanded and Iran
00:08retaliated, increasing geopolitical and economic uncertainty, according to Reuters.
00:13Spot gold gained 2.1% to $5,390.38 an ounce after hitting a more than four-week high.
00:21The metal reached a peak of $5,594.82 on January 29th.
00:27Iran struck Gulf cities hosting U.S. bases and halted tanker traffic through the Strait
00:32of Hormuz.
00:33Israel widened its assault to include Iran-backed Hezbollah militants in Lebanon.
00:38Global shares fell as investors moved into safe-haven assets.
00:41BNP Paribas raised its 2026 gold forecast by 27% to $5,620 per ounce and expects prices
00:50above $6,250 by year-end.
00:53Spot silver rose to $95.36.
00:56Platinum fell to $2,348.65 and palladium climbed to $1,806.96.
01:05For all things money, visit Benzinga.com.
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