Gold is set to rack up its best month since November 2022 with the Israel-Hamas war boosting demand for safe havens

Tue, 10/31/2023 - 07:14

rows of gold bars — Gold prices have surged over the past month, with geopolitical tensions pushing up demand for safe havens.
Doug Armand/Getty Images

Spot gold prices have jumped 8% since the end of September, topping $2,000 an ounce.
Those gains have put the precious metal on pace for its best monthly performance since November 2022.
Demand for safe-haven assets has surged since the start of the war between Israel and Hamas.

Gold is on pace to rack up its best month since November 2022, with demand for so-called "safe-haven" assets jumping due to investors' worries about the ongoing war between Israel and Hamas.