Gold price jumps as Iran strikes fuel safe-haven rush; silver price rises with “short squeeze” chatter back
Gold jumped over 2% to $5,390.38 an ounce and silver rose 1.7% after U.S.-Israel strikes on Iran widened, sending investors to safe havens. Oil surged and global equities fell on fears of supply disruption. Analysts cited tight silver inventories and bullish options bets as factors behind the metal’s rally.