Gold prices rise amid strain in the middle east

Gold prices rise amid strain in the middle-east

ISLAMABAD: Following attacks by the United States and Israel on Iran, gold prices in the global market have recorded an increase of more than 2 percent.

According to foreign media reports, gold is currently trading at $5,390 per ounce in the international market, while silver has risen by 1.5 percent to reach $95 per ounce.

Meanwhile, due to the ongoing war in the Middle East, global stock markets are showing a downward trend.

Foreign media reports indicate severe declines, with the Hong Kong stock market dropping by 2 percent, and the Taiwan stock market opening with a 2.3 percent decline.

 

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