Gold extends gains on safe-haven demand amid geopolitical tensions. Spot gold rose 0.7 percent to $5,362.90 per ounce Tuesday, marking a fifth consecutive session of gains as investors flee to traditional safe-haven assets following US and Israel strikes on Iran over the weekend. April gold futures climbed 1.2 percent to $5,376.50. Market analysts note the open-ended nature of the crisis is driving sustained demand for bullion. Meanwhile, the dollar strengthened to a five-week high, creating headwinds for gold despite broader uncertainty. Silver edged higher at $89.64 per ounce while platinum and palladium also gained. Inflation concerns tied to oil price movements and reduced shipping through the Strait of Hormuz are keeping traders focused on precious metals as portfolio protection.
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