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Daily brief · Friday, June 13, 2025

Gold jumps to $3,435.35 as Israel-Iran tensions drive safe-haven demand

Gold finished sharply higher as multiple outlets tied the move to reports of Israeli strikes and rising Israel-Iran tensions, which pushed investors toward safe-haven assets. Silver and platinum were mixed on the day, though one report said the precious-metals rally is starting to broaden beyond gold.

AI summaryWritten automatically with AI from 23 linked reports and our own price data, Oct 21, 1:53 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for June 13, 2025

Gold $3,435.35 +1.30% 30d +7.6% Silver $36.08 −0.29% 30d +9.7% Platinum $1,242.00 −1.27% 30d +25.6% Palladium $1,055.00 +0.00% 30d +10.0%

Tone of the reports: Mixed

What happened

  1. Gold settled at $3,435.35 an ounce, up 1.30% on the day, as safe-haven buying picked up following reports related to Israel and Iran.

    SourcesBloomberg: Gold (XAUUSD) Advances on Reports Israel Has Struck Targets in ...Reuters: Gold advances as Israel-Iran escalation fuels safe-haven bidsKitco News: Gold price sharply higher following Israeli attacks on IranEconomies.com: Gold rushes to two-month high after Israel's strike against Iran+2

  2. Kitco said gold was taking a larger share of safe-haven flows than the U.S. dollar, describing a “disconnect” where gold surged while the dollar stalled.

    SourcesKitco News: Gold is dominating safe-haven flows over USD following Israel's ...2: Safe haven disconnect: Gold soars while the dollar stalls

  3. Kitco also framed the move as driven by “Middle East chaos,” saying gold was headed for a record weekly close above a key level.

    SourcesKitco News: Chaos in the Middle East drives gold to record weekly close above ...

  4. Reuters reported Indian gold futures breached the 100,000-rupee level for the first time, hitting a record high and underscoring strong local pricing momentum.

    SourcesReuters: Indian gold futures breach key 100,000 rupees level to hit record ...Earlier news service: INDIA : Indian gold futures breach key 100,000 rupees level for first time ever

  5. Investing.com said the precious-metals rally is broadening, with silver and platinum closing in on recent highs even as gold remained the main focus.

    SourcesInvesting.com: Precious metals rally is broadening as silver and platinum close the ...

  6. Several market commentaries highlighted the $3,500 area as a key level traders were watching, with the caveat that further upside was tied to additional escalation in geopolitical tensions.

    SourcesAction Forex: XAU/USD: Gold May Rise Above $3,500, If Geopolitical Situation Escalates FurtherFXEmpire: Gold (XAUUSD) Price Forecast: Gold Rally Targets $3,500 as ...

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

Metal by metal

Gold $3,435.35 +1.30%

Coverage was dominated by geopolitics. Reuters, Bloomberg, and several market outlets tied gold’s strength to Israel-Iran tensions and reports of strikes, while Kitco added that gold was absorbing more safe-haven demand than the U.S. dollar and noted some profit-taking alongside the surge.

Gold headlines

Silver $36.08 −0.29%

Silver got less specific coverage than gold. Investing.com said the rally is broadening and mentioned silver closing in on recent highs.

Silver headlines

Platinum $1,242.00 −1.27%

Platinum-specific fundamentals were thin in today’s reports. Investing.com included platinum in its point that strength is broadening beyond gold and that platinum is near recent highs.

Platinum headlines

Palladium $1,055.00 +0.00%

No report focused on palladium.

Palladium headlines

The day’s reports

23 reports, most important first, New York time.

  1. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Chaos in the Middle East drives gold to record weekly close above ... Middle East chaos is pushing gold to a record weekly close above a key level.
  2. 8:00 PM Investing.com · 8:00 PM▲ Reports a rise Precious metals rally is broadening as silver and platinum close the ... The rally in precious metals is broadening as silver and platinum close in on recent highs.
  3. 8:00 PM Kitco News · 8:00 PM▲ Reports a rise Gold is dominating safe-haven flows over USD following Israel's ... Gold is drawing more safe-haven flows than the U.S. dollar after Israel-related tensions, and the market is seeing some profit-taking.
  4. 6:05 PM Kitco News · 6:05 PM▲ Reports a rise Safe haven disconnect: Gold soars while the dollar stalls Gold rose sharply while the dollar stalled in a safe-haven trade.
  5. 11:04 AM Reuters · 11:04 AM▲ Reports a rise Gold advances as Israel-Iran escalation fuels safe-haven bids Gold advanced as Israel-Iran tensions boosted safe-haven buying.
  6. 10:38 AM Action Forex · 10:38 AM▲ Reports a rise XAU/USD: Gold May Rise Above $3,500, If Geopolitical Situation Escalates Further Gold surged to a seven-week high and one analyst says it could rise above $3,500 if geopolitical tensions escalate.
  7. 9:21 AM Economies.com · 9:21 AM▲ Reports a rise Gold rushes to two-month high after Israel's strike against Iran Gold reaches a two-month high after Israel's strike on Iran.
  8. 9:21 AM Bloomberg · 9:21 AM▲ Reports a rise Gold (XAUUSD) Advances on Reports Israel Has Struck Targets in ... Gold rises as reports say Israel has struck targets in Iran.
  9. 9:21 AM Earlier news service · 9:21 AM▲ Reports a rise Gold hits nearly 2-month high as Middle East tensions spur safe-haven demand Gold hits a nearly two-month high as Middle East tensions lift safe-haven demand.
  10. 8:24 AM Kitco News · 8:24 AM▲ Reports a rise Gold price sharply higher following Israeli attacks on Iran Gold moves sharply higher after Israeli attacks on Iran.
  11. 5:00 AM thesundaily.my · 5:00 AM▲ Reports a rise Gold hits two-month high on Iran tensions, Fed cut hopes Gold jumps above $3,400 on Iran tensions and hopes for U.S. rate cuts.
  12. 8:00 PM Earlier news service · 8:00 PM How gold became the world's refuge from uncertainty The article explains how gold has become a refuge for investors during periods of uncertainty.
  13. 8:00 PM Earlier news service · 8:00 PM SINGAPORE : Gold market competition heats up as industry meets in Singapore Industry participants met in Singapore as competition in the gold market intensified.
  14. 9:21 AM Investing.com · 9:21 AM▲ Reports a rise Gold Outlook Turns Bullish as Israel-Iran Conflict Raises Demand for ... Gold outlook turns more bullish as the Israel-Iran conflict boosts demand for the metal.
  15. 9:21 AM FXEmpire · 9:21 AM▲ Reports a rise Gold (XAUUSD) Price Forecast: Gold Rally Targets $3,500 as ... Gold surges on Israel-Iran conflict, with traders watching for a move toward $3,500.
  16. 9:21 AM Yahoo Finance · 9:21 AM▲ Reports a rise Gold price today, Friday, June 13, 2025: Gold opens higher after ... Gold futures open higher and hit their highest opening price since May 7.
  17. 6:10 AM vietnamnews.vn · 6:10 AM Gold market to become more competitive as gold bullion monopoly ends Vietnam may open gold bullion production and imports to eligible banks and enterprises.
  18. 12:35 AM FXStreet · 12:35 AM▲ Reports a rise Gold sticks to positive bias as sustained safe-haven buying offsets ... Gold stays firm as safe-haven buying offsets tariff-related market worries.
  19. 7:45 PM GuruFocus · 7:45 PM VIDEO - CEO Clips: White Gold Corp.: Unlocking New Gold Discoveries in the Yukon | WHGOF Stock News White Gold Corp. highlighted its Yukon gold discoveries and resource base in a stock update.
  20. 5:48 PM Kitco News · 5:48 PM▲ Reports a rise Wall Street bets on gains for gold next week, Main Street maintains a more cautious stance as rate decisions loom Kitco said Wall Street expects gold to gain next week while Main Street stays more cautious ahead of rate decisions.
  21. 11:09 AM Kitco News · 11:09 AM Gold has little downside even as prices trade above $3,400 an ounce - BCA’s Roukaya Ibrahim A strategist said gold has limited downside even with prices above $3,400 an ounce.
  22. 8:57 AM Kitco News · 8:57 AM Recession already underway, market still asleep, Rosenberg warns Rosenberg says a recession is already underway and markets are missing it.
  23. 8:10 AM Kitco News · 8:10 AM Gold market analysis for June 13 - key intra-day price entry levels for active traders Kitco previews key intraday gold price levels for active traders.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

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