PhyntexMarkets

Gold price saw a positive start to the week in early dealings, mainly lifted by the escalation in the conflict between Iran and Israel over the weekend. Investors scurPhyntexr safety in the traditional safe haven, as traders geared up for a new week following Iran’s drones attack on Israel late Saturday.

Gold price stays underpinned by markets’ fears that Iran’s unprecedented weekend strike on Israel could fuel rounds of retaliation. However, the UK, France and Egypt condemned Iran's action while Saudi Arabia called for restraint, offering some comfort to markets, as risk sentiment remains in a sweeter spot in early Asia.
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