Tensions in the Middle East Push Up Oil and Gold Prices

Published: Jun 13, 2025 11:26

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Affected by the sharp escalation of geopolitical tensions in the Middle East, US and Brent crude oil prices surged rapidly, with gains quickly expanding to 4%. Spot gold prices broke through $3,410 per ounce, hitting a new high since May 8. Israel has closed its airspace until further notice. Iran's state television reported that the country's air defense system is on full alert. According to CNN, Trump convened a cabinet-level meeting. The US and Iran are scheduled to hold the sixth round of nuclear talks in Oman on Sunday.

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