Gold Climbs as Middle East War Drives Demand for Safer Assets

Gold advanced for a fourth day, as war in the Middle East rattled markets and drove investors to safer assets. Silver also rose. Spot gold climbed as much as 2.7% to top $5,400 an ounce, building on a gain of more than 3% last week. Conflict in the region spread over the weekend after the US and Israel attacked Iran — killing the Islamic Republic’s supreme leader, Ayatollah Ali Khamenei — and Tehran responded with waves of missiles at targets in multiple countries. Most Read from Bloomberg Wider geopol ...