Gold Prices Spike Amid Geopolitical Tensions

Gold prices surged more than 1% on Monday as investors sought safe-haven assets amidst heightened geopolitical tensions. The precious metal's value rose to $4,103.99 per ounce in spot markets.

The increase in gold prices was accompanied by gains in other precious metals, with silver rising 2.7% to $59.74 per ounce, platinum increasing 2.0% to $1,619.75, and palladium climbing 2.3% to $1,271.93 per ounce.

The boost in gold prices comes as investors become increasingly wary of global events, including heightened tensions between nations and concerns over prolonged high interest rates.