Gold prices steady amid escalating tensions in Middle East

Gold prices remained unchanged on Friday, following reports of an Israeli attack on Iran in response to airstrikes carried out by Tehran against Tel Aviv over the past weekend.

Gold futures prices for delivery in June were flat at $2,396 per ounce at 09:25 am Makkah Time, after touching $2,417.59 earlier in the session, approaching its all-time high of $2,431.3.

The spot price for the yellow metal also stabilized at $2,379.53 per ounce. On the other hand, silver futures for May delivery slightly declined by 0.11% to $28.35. The spot price of platinum remained stable at $939.04 per ounce.

Israel today launched missiles in a retaliatory strike against Iran, according to media reports.