Confirmed US and Israeli strikes on Iranian targets, including reports of Supreme Leader Ali Khamenei's death, have triggered a sharp rise in gold prices to ,400 per ounce. The attacks, reported Monday morning, intensified fears of regional escalation, driving investors toward safe-haven assets. Geopolitical tensions often act as a catalyst for gold demand, as the metal is perceived as a hedge against uncertainty and currency devaluation. The surge in gold prices highlights its role as a traditional safe-haven asset during crises. Traders should monitor further developments in the Middle East, as prolonged conflicts could sustain elevated gold prices. Additionally, central banks' responses to geopolitical risks and potential shifts in US dollar demand may influence the broader market dynamics. For Gulf investors, the situation underscores the importance of diversifying portfolios with precious metals. The ongoing tensions could also impact oil markets, given Iran's role in the region. Key indicators to watch include OPEC+ policy adjustments, Fed rate decisions, and regional military movements.