Gold prices pull back from record high as markets calm about Israel-Iran fighting

  • Gold neared all-time highs on Monday as Israel and Iran exchanged missile and drone attacks, but the price saw a 0.6% pull-back as the market reacted more calmly than headlines suggested.  The price of the precious yellow metal rose from $3,375 an ounce on Thursday to over $3,440 on Friday as fighting between the two Middle Eastern countries broke out, and hit $3,451 in Asia trading on Monday.