Goldman Sachs Physical Gold ETF Shares

AAAU

Market cap $3.24B

Gold (XAU) prices opened higher on Monday after the U.S. and Israel launched major strikes on Iran and killed Ayatollah Ali Khamenei. This event dramatically bumped up geopolitical risk and global uncertainty.

Gold and silver climbed as military strikes by the U.S. and Israel against Iran spurred safe-haven demand. “Gold remains the clearest barometer of investor fear,” eToro said.

Gold price eyes a bullish gap above Friday's high as U.S.-Iran war fuels safe-haven demand and breakout over $5281.16 targets $5602.23.

Bloomberg Intelligence's Mike McGlone explains what the US and Israeli strikes on Iran mean for oil and commodities prices. He speaks on "Bloomberg This Weekend.

Escalating US–Iran tensions are likely to push oil prices higher, lift inflation expectations, and drive investors toward gold while increasing downside risks for equities.

Investors should assess the Middle East conflict carefully before reacting, Matt Gertken writes in a guest commentary.

Major combat operations in Iran, coordinated with Israel, are intensifying risk-off sentiment across global markets, impacting equities, crypto, energy, and logistics. Oil companies like Exxon Mobil (XOM) and Chevron (CVX) may benefit from higher oil prices, but gains depend on supply disruptions and infrastructure damage.

With the Supreme Court overturning the current administration's tariffs and the subsequent hasty implementation of a different set of tariffs, uncertainty has boosted the appeal of gold. This week, significant assets poured into physical gold ETFs.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.