Gold surged toward $5,000 per ounce as ongoing attacks in the Middle East and renewed concerns over the Federal Reserve’s independence fueled safe-haven demand. The rally reflects growing market anxiety and a shift away from risk assets.
- Gold price approached $5,000 per ounce
- Geopolitical risks in the Middle East are a key driver
- Concerns about Federal Reserve independence are contributing to safe-haven demand
- CBOE Volatility Index (^VIX) rose amid market uncertainty
- Crude oil futures (CL=F) are showing heightened sensitivity to geopolitical events
- The rally in gold reflects a broader shift away from risk assets
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