Gold prices rose on Monday. Escalating tensions in the Middle East have increased the attractiveness of bullion as a safe haven asset, while movements have been restricted

Spot gold was up 0.4% at 2,025.99 dollars per ounce at 0403 GMT. American gold futures also rose by 0.4% to $2,025.20. According to Tim Waterer, chief market analyst at KCM Trade, there is enough instability in the Middle East for investors to continue to be interested in gold as a safe haven. Gold is considered to be a safe store of value in times of political and economic turmoil.

Spot silver rose 0.5% to $22.91 per ounce, platinum fell 0.2% to $911.18, and palladium fell 0.3% to $911.18, and palladium fell 0.3% to $952.33.