Gold is attempting to rebound today, rising 0.3% to hold above $2,610 per ounce in spot trading, as geopolitical tensions in the Middle East escalate.
Markets are keenly watching Israel's potential response to last week's Iranian attack, with implications for regional stability and further escalations in the ongoing conflict.
The Israeli defense minister hinted at a strong and surprising military response to Iran, illustrating the high stakes of the current geopolitical context.
While US President Biden urged diplomatic efforts during his call with Netanyahu, the seriousness of pushing for a ceasefire appears diminished amid rising tensions.
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