Gold jumps on U.S.-Israel strikes on Iran, oil surges and markets brace for spillover
Spot gold jumped 2% to $5,384.41 an ounce after U.S. and Israeli strikes on Iran, nearing record highs as investors sought safety. Oil surged, with Brent crude up 9% at $78.90 a barrel, while global stocks fell. Iran fired missiles and drones at Israel and Gulf states; Israel expanded strikes to Lebanon. Investors are watching U.S. jobs data for signals on Federal Reserve policy.