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Gold Surges Above USD4,500
(MENAFN) Spot gold surpassed $4,500 per ounce on Friday, regaining earlier declines as unrest in the Middle East persists.
As of 1530GMT Thursday, gold was trading at $4,540 per ounce, marking a 3.75% rise for the day.
Since the conflict erupted on Feb. 28, gold prices have dropped roughly 12%, remaining significantly below their January 2026 peak of $5,595 per ounce.
Last week witnessed gold’s steepest weekly fall since 1983, with values plunging more than 10%.
Meanwhile, silver also experienced a gain, climbing over 4.6% to $71.2 per ounce.
As of 1530GMT Thursday, gold was trading at $4,540 per ounce, marking a 3.75% rise for the day.
Since the conflict erupted on Feb. 28, gold prices have dropped roughly 12%, remaining significantly below their January 2026 peak of $5,595 per ounce.
Last week witnessed gold’s steepest weekly fall since 1983, with values plunging more than 10%.
Meanwhile, silver also experienced a gain, climbing over 4.6% to $71.2 per ounce.
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