Gold prices recorded a weekly increase amid growing concerns over the escalation of conflict in the Middle East due to airstrikes on Yemen, which enhanced the appeal of the precious yellow metal as a safe haven. Last week, gold prices in the spot market rose by 0.18%, reaching $2049.06 per ounce. Silver also saw a slight increase in spot transactions last week, rising by 0.01% to $23.195 per ounce.
Tensions in the Red Sea Raise Gold Prices
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