Gold price braces for a choppy Monday after U.S.-Israel strikes on Iran
Gold rose 0.8% to $5,230.56 an ounce Friday after U.S. and Israeli strikes on Iran, with traders bracing for a safe-haven surge when markets reopen. Oil majors suspended shipments through the Strait of Hormuz, raising supply concerns. Brent crude hovered near $73 a barrel. The U.S. jobs report on March 6 is the next major data point.