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Gold $2,373.84 $(11.71) -0.49% Silver $28.38 $(0.47) -1.63% Platinum $970.66 $(1.31) -0.13% Palladium $1,018.08 $(13.31) -1.29%

Gold rises 1% as Middle East conflict spurs safe-haven demand

Gold rises 1% as Middle East conflict spurs safe-haven demand

Oct 9 (Reuters) - Gold prices rose more than 1% on Monday as the military conflict between Israeli forces and Palestinian Islamist group Hamas raised political uncertainty in the Middle East, prompting safe-haven buying of investments like bullion.

Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when gunmen from Hamas rampaged through Israeli towns on Saturday...[LINK]

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