Gold futures jumped 2.8% to open at $5,201.90 per ounce on Monday, driven by escalating tensions between the U.S. and Iran. The precious metal has traded above $5,100 per ounce since February 23, reflecting investor flight to safety amid geopolitical uncertainty. This marks a significant rebound from Thursday's close of $5,194.20.

Market volatility spiked following reports of renewed conflict between U.S.-backed forces and Iranian-aligned groups. The price surge indicates growing anxiety about potential supply chain disruptions and energy market instability. Traders are closely monitoring developments, with gold's safe-haven status becoming increasingly attractive as traditional markets show signs of strain.

Analysts note the sustained trading above $5,100 represents a psychological threshold for investors. The commodity's resilience suggests markets are pricing in prolonged geopolitical risk, with some traders anticipating further gains if tensions escalate. Gold's performance this week underscores its role as a barometer for global uncertainty.