Gold Price Surges as Safe-Haven Appeal Reasserts Itself

The gold price rebounded by 9% in August to around $4,400 an ounce, indicating that bullion is starting to regain its appeal among institutional investors and central banks.

This increase suggests that the initial shock of the US-Israeli war with Iran has worn off, leaving the market better positioned to extend gains.

Ross Norman, an independent analyst, said that it 'feels as though the handbrake has finally been released from gold.'