Brief by Shorts91 Newsdesk / 04:18pm on 09 Mar 2026,Monday Business
The escalating conflict involving Iran, the United States and Israel has triggered a massive surge in global gold prices, pushing the value of all above-ground Gold to an estimated $30–$35 trillion. International gold benchmarks climbed above $5,400 per ounce and briefly approached $5,600 as investors rushed to the traditional safe-haven asset amid geopolitical uncertainty. The rally has been driven by war fears, inflation concerns and strong central-bank buying. Analysts say the metal’s notional value now exceeds the combined GDP of India and the United Kingdom, though some warn prices could ease if geopolitical tensions de-escalate. (PC: NDTV)
