Gold surges above $5,400 as demand for safe-haven asset surges amid Iran conflict

Gold (GC=F) futures jumped 4% to trade above $5,400 per ounce on Monday as a widening conflict in the Middle East drove investors toward safe-haven assets. Silver (SI=F) also rose, following the broader move higher in precious metals. JPMorgan analysts expect a "risk premium" jump in gold prices in the near-term of more than 5% to 10% in the aftermath of US-Israel strikes on Iran over the weekend and counter attacks in the region. However, those geopolitical price spikes can “can be sharp but hard to s ...