Gold prices are negotiating higher on Friday, as the increasing geopolitical conflict in the Middle East increased the safe shelter for yellow metal. Silver prices also expanded profits.

Gold deals with $ 3,452 per ounce with a rose of 1.44%.

The rise of gold followed the “explosion” of oil prices by more than 9%.

Dollar

The US dollar index climbed more than 98 on Friday, recovering from the lowest many years, as the escalation of geopolitical tensions in the Middle East fueled demand for assets that are a safe haven.

The dollar is up 0.55% against the euro with the exchange rate at 1.1521.

The dollar’s strengthening was followed by Israel’s preventive blow to Iran, which targeted the Tehran nuclear program and pledged to continue the operation until the threat was removed. US officials confirmed that there was no US involvement or support in the blow.

The dollar had slid down at low levels of over three years on Thursday, pressured by the growing uncertainty about President Donald Trump’s aggressive trading stance, including renewed threats to unilateral duties, according to Trading Economics.

International stock markets

Asian markets retreat after Israel’s hit in Iran.

In particular, Nikkei fell 1.25%, Nifty 50 by 1.09%and Hang Seng by 0.74%.

In addition, US shares futures retreated on Thursday night after an air attack launched by Israel against Iran.

Dow Jones’ industrial average of 611 points or nearly 1.4%. The future S&P 500 contracts declined about 1.6%, while the Futal Fulfillment contracts of the Nasdaq 100 lost 1.6%.