Gold increased rapidly at the end of the session!
Gold prices surged past the $2,400 mark following Israel's retaliatory strikes on Iran, igniting a global shift towards safe-haven assets and a rush into gold, the ultimate refuge. Risk assets have been significantly impacted as risk-averse sentiment flooded into Asian markets on Friday, propelling gold up nearly $35 in early trading hours. With the $2,400 level now firmly established as a new springboard, further increases are anticipated, potentially targeting $2,500 in the near term.
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