Tensions in the Middle East are driving Gold's rise. Iran and Israel are exchanging attacks. Rising conflict prompts traders to seek gold as a haven. Fed policy also plays a key role. Traders expect a rate cut if US inflation drops and growth weakens.

"As things stand, investors seem less fearful than they were going into the weekend of the possibility that the war between Israel and Iran spreads across the Middle East, and beyond," said David Mor...

Israel and Iran struck at each other’s energy facilities over the weekend, and Israel said it had also hit command centers of Iran’s Revolutionary Guard.