The price of gold rose again following the increase in unrest in the region.
While investors are confident that the U.S. Federal Reserve will cut interest rates this year, the price of gold hit a new record again on Monday.
According to Bloomberg, the increased demand for this precious metal caused its price to reach its highest level on Monday, at $226,573.
One reason for the increased interest in buying gold is its perception as a safe financial option, especially given the rising unrest and geopolitical tensions, including concerns about the further escalation of the Israel-Hamas conflict.
Traders are also keeping an eye on developments related to the prolonged Ukraine conflict.