Gold and silver prices climbed as military strikes by the U.S. and Israel against Iran spurred safe-haven demand. Gold remains the clearest barometer of investor fear, according to eToro. The precious metals rally reflects heightened geopolitical uncertainty in the Middle East.

The price movements come amid escalating tensions between Western powers and Iran. Investors typically flock to gold during periods of political instability and military conflict. Silver, while also considered a safe-haven asset, often sees amplified price movements compared to gold.

This latest price action underscores gold's role as a traditional hedge against geopolitical risk. The precious metals market is closely watching developments in the Middle East, with traders positioning for potential further escalation. Safe-haven demand could intensify if diplomatic tensions worsen.