In the early trading session, gold and silver prices rose as Middle East conflict stimulated safe-haven demand.

Gold and silver prices rose during the early trading session in Asia, as military strikes by the US and Israel against Iran stimulated safe-haven demand. Spot gold rose 2.0% to $5,384.46 per ounce, while spot silver rose 2.4% to $96.05 per ounce. Josh Gilbert, market analyst at eToro, stated in an email, "Gold continues to be the clearest barometer of investor fear." The market analyst mentioned that the precious metal soared above $5,350 per ounce earlier today, and has seen a cumulative increase of about 22% since the beginning of the year, consolidating its position as the preferred safe-haven asset during escalating geopolitical risks.