Geopolitical storm brewing in the Middle East: Israel’s missile strikes on Iran have sent shockwaves through global markets, with experts forecasting a bull run for gold and silver prices come Monday.
Saturday’s preemptive action by Israel triggered massive blasts in Tehran, amplifying fears of a broader conflict. Investors, spooked by the volatility, are expected to pile into safe havens like precious metals.
A senior market strategist noted, ‘Heightened US-Iran tensions compound the uncertainty. Gold and silver will shine as go-to safe assets, likely opening sharply higher.’
Global gold is hovering near $5,300/oz, a critical threshold. Breaching it could lift Indian gold to ₹1,68,000-₹1,70,000 per 10 grams. MCX gold has surged past ₹1,60,000, now firm at ₹1,62,000, with upside potential to ₹1,65,000.
Silver mirrors the strength, advancing to ₹2,80,000-₹2,85,000. ‘If momentum persists above supports, silver eyes ₹2,95,000,’ added the strategist.
In Israel, air raid sirens wailed across the country, with the IDF posting urgent shelter advisories on social media. This real-time escalation is fueling market jitters.
The weekend pause offers little respite; come Monday, financial markets will grapple with war risk premiums. Precious metals’ appeal as hedges against chaos has never been more evident, positioning them for substantial gains.
