Ammon News - Gold prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.

Spot gold was up 1.37% at $5,349.44 an ounce, as of 0439 GMT, after hitting its highest point in more than four weeks. Earlier in the session, bullion prices climbed as much as 2%.

U.S. gold futures rose 2.21% to $5,362.60 per ounce.

However, the U.S. dollar index rose 0.27%, making gold more expensive for overseas buyers and capping the metal's gains.

Spot silver shed 0.3% to $93.54 per ounce, after registering a monthly gain in February.
Spot platinum was roughly steady at $2,363.26 per ounce, while palladium advanced 0.86% to $1,801.50.

Reuters