Gold prices are trading in today’s European session around 2340 levels.
Early Monday saw a slight drop in gold prices as investors assessed global risks after Iran's attacks on Israel. Gold fell slightly in early trading, having spiked to a record high above $2,400 on Friday due to Middle East escalation fears. Though the conflict didn't escalate as much as feared, gold retreated at the week's start.
Despite this, gold remains near record levels, indicating ongoing investor nervousness. A wider Middle East conflict could spike energy prices and disrupt central banks' inflation efforts. Gold, a haven asset, will likely stay in focus as markets await potential Israeli retaliation.