The post Gold price nears all-time high amid fears of broader regional Middle Eastern conflict  appeared on BitcoinEthereumNews.com.

Gold price is nearing its all-time high at $3,433, further fueling its up-and-to-the-right rally in 2025, as escalating tensions in the Middle East drive investors toward traditional safe-haven assets. The surge in gold price reflects not only geopolitical uncertainty but also a broader shift in global reserve strategies. The ECB reported last week that gold had overtaken the euro in 2024 as the world’s second-most important reserve asset, driven by record purchases by central banks. Over the past month, the spot gold price has climbed nearly 5%, rebounding from a mid-May low of around $3,123 and gaining 1.6% overnight, pushing it above $3,400 and close to its April all-time high of $3,500. For the year so far, gold is up more than 30%, making it one of the best-performing asset classes in 2025. Geopolitical uncertainty is driving gold price higher The primary catalyst for gold’s recent gains is the escalation of tensions in the Middle East following Israel’s military strike on Iran’s nuclear sites. Markets have grown increasingly nervous about the potential for broader regional conflict and prompting a flight to safety, as investors pile into gold. The Dow Jones Industrial Average fell 679.83 points and the S&P 500 dropped 1.13%, as the price of oil soared by 7%  in a single day, the largest intraday move since the early days of the Ukraine war. Despite an initial tumble, Bitcoin recovered to $105,000 at the time of writing, showing relative stability. Higher oil prices are expected to drive up costs for gasoline and diesel, adding to inflationary pressures that are already a concern for central banks and consumers alike and enhancing gold’s appeal as a hedge against inflation and economic instability. Gold overtook the euro among reserve assets in 2024 Gold’s rise to become the world’s second-largest reserve asset in…

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Filed under: News - @ June 14, 2025 1:25 pm