Gold Climbs to Record Above $5,500 an Ounce Amid U.S.-Iran Tensions
Gold surged to unprecedented levels on Wednesday evening after reports that the U.S. President was weighing a new strike on Iran, lifting demand for physical safe havens. Spot gold topped $5,595.41 an ounce, while April futures reached $5,625.89 an ounce, as geopolitical concerns and a weaker dollar supported the rally.