{"id":14232,"date":"2025-06-23T12:14:16","date_gmt":"2025-06-23T12:14:16","guid":{"rendered":"https:\/\/axevera.com\/?p=14232"},"modified":"2025-06-23T12:14:17","modified_gmt":"2025-06-23T12:14:17","slug":"gold-price-soars-near-record-high-after-israeli-strike-on-iran","status":"publish","type":"post","link":"https:\/\/axevera.com\/en\/2025\/06\/23\/gold-price-soars-near-record-high-after-israeli-strike-on-iran\/","title":{"rendered":"Gold Price Soars Near Record High After Israeli Strike on Iran"},"content":{"rendered":"\n
The price of gold surged sharply following Israel\u2019s overnight strike on Iran, reaffirming its role as a safe haven during geopolitical turmoil. The precious metal reached $3,440 per troy ounce<\/strong>, nearing its all-time high of $3,500 from late April. Analysts note that investors are moving into gold, while other assets like bitcoin, silver, and palladium<\/strong> have shown weakness.<\/p>\n\n\n Gold has seen a steady climb throughout 2025. From January to the end of May, the gold price rose by 29%<\/strong>, and on a year-over-year basis, the increase reached 40%. In comparison, Bitcoin rose only 12%<\/strong> over the same period.<\/p>\n\n\n\n Analyst Pavel Ryba<\/strong> points out that unlike cryptocurrencies and industrial metals, gold retains strong support in times of both economic and geopolitical uncertainty.<\/p>\n\n\n\n The latest gold price spike was triggered by Israel\u2019s military strike on Iran. In response, investors rushed to gold, pushing its value up by nearly 2% in a few hours<\/strong>, reaching $3,440 per ounce<\/strong>.<\/p>\n\n\n\n In contrast, Bitcoin<\/strong> dropped significantly following the escalation. It fell from $108,800 to below $103,000 and later stabilized around $105,000 \u2014 a 3% decline.<\/p>\n\n\n\n Other industrial metals also declined:<\/p>\n\n\n\n According to Ryba, macroeconomic conditions are pushing the gold price<\/strong> higher. Key drivers include:<\/p>\n\n\n\n \u201cGold could rise by several hundred dollars this year and surpass $4,000 per ounce in 2026<\/strong>. Within a decade, it may reach $6,000\u20138,000<\/strong>,\u201d Ryba forecasts.<\/p>\n<\/blockquote>\n\n\n\n Gold remains the most resilient asset in times of global crisis. Its recent surge to $3,440 confirms that investors continue to view it as a reliable hedge against instability, inflation, and geopolitical uncertainty. With strong long-term projections, the gold price<\/strong> is likely to remain in the spotlight well into the future.<\/p>\n\n\n\n AI \u2013 generated image.<\/p>\n\n\n\n
<\/figure><\/div>\n\n\nGold up 29% YTD, 40% year-over-year<\/h3>\n\n\n\n
\n\n\n\nIsraeli Attack on Iran Sparks Market Reaction<\/h3>\n\n\n\n
\n\n\n\nBitcoin, Silver, and Palladium Fall<\/h3>\n\n\n\n
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\n\n\n\nFuture Outlook: Gold Headed for $4,000?<\/h3>\n\n\n\n
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\n\n\n\nConclusion<\/h3>\n\n\n\n