Tensions skyrocket as Israel’s strikes on Iran ignite fears of all-out war, priming gold and silver for explosive price jumps. Analysts are unanimous: expect a robust market debut on Monday.
The preemptive assault unleashed missiles that rocked Tehran, escalating regional instability. This has shifted investor sentiment decisively towards defensive plays in bullion.
‘War fears will dominate headlines, boosting demand for gold and silver as ultimate safe havens,’ opined an expert amid the unfolding crisis.
Spotlight on international futures: gold battles $5,300/oz resistance. A decisive move above could see MCX gold hit ₹1,70,000/10g. It’s already cleared ₹1,60,000, consolidating at ₹1,62,000 with targets at ₹1,63,500+.
Silver’s charge is equally fierce, nearing ₹2,85,000 from ₹2,80,000. Sustained buying might propel it to ₹2,95,000, per technical readouts.
Back in Israel, the nation is on high alert—sirens blaring, phones buzzing with shelter orders from the military. Social media captured the urgency, mirroring global market anxiety.
As uncertainty blankets financial hubs, precious metals stand out as resilient performers. This episode reminds investors why gold and silver thrive in turbulent times, setting the stage for near-term appreciation amid protracted Middle East strife.