As the Gulf situation gets worse, gold rises 1%, surpassing demand for safe havens.
As the U.S. and Israeli air campaign against Iran intensified, investors sought safe-haven assets, boosting concerns that the conflict could escalate into a protracted regional war and increase uncertainty. As a result, gold prices increased for the fifth straight session on Tuesday. At $5,362.90 an ounce, spot gold was up 0.7%. After the United States…