Arab Finance: Gold prices continued to climb on Monday, as the international ounce recorded $5,403.6 for buying and $5,402.7 for selling, Dahab Misr’s data showed by 10:55 AM.

The 24-karat gold price reached EGP 8,714.56 for purchasing and EGP 8,593.43 for selling.

Likewise, the 21-karat price jumped to EGP 7,626 for buying and EGP 7,520 for selling.

Israel launched major strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.

"Unlike previous escalations in this conflict, there is fairly strong incentive here for both sides to continue to escalate potentially - and that runs the risk of leading to a pretty chaotic, uncertain and, therefore, volatile environment for more than just a few days ... the dynamic for gold is pretty positive," said Kyle Rodda, senior financial market analyst.

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