Spot gold remains flat after US strikes and casualties fail to trigger safe-haven demand amid broader market stability.
Gold prices showed little reaction over the weekend despite heightened geopolitical tensions in the Middle East. Three US service members were killed, and the US conducted its ninth consecutive night of strikes on Iran-backed targets, expanding military operations beyond prior zones.
Analysts had anticipated a surge in safe-haven assets like gold, which typically rallies during escalating conflicts. However, spot gold held steady, reflecting muted investor response compared to historical precedents during similar crises.
The lack of movement suggests markets may be pricing in limited immediate economic disruption or viewing the conflict as contained for now.