Gold Surges Past $5,300 per Ounce and Silver Jumps 8% as Iran War Sparks Safe-Haven Buying

Gold surged above $5,300 per ounce and silver jumped nearly 8 percent Saturday as US-Israeli strikes on Iran triggered intense safe-haven demand in precious metals markets. International spot gold rose to as high as $5,464 per troy ounce as Asian markets reacted to the outbreak of war. COMEX silver futures climbed 7.67% to $94.30 per ounce, marking the sharpest single-day gain since January record highs. Analysts are now eyeing $6,000 as a realistic near-term gold target if hostilities persist.