Gold prices surged by 2.8% in the New York commodity futures market following the announcement of an attack by the US and Israel on Iran, signaling a shift in investor sentiment towards safe-haven assets amidst rising military tensions. On April futures contracts, gold traded at $5,394.8 per ounce, marking an increase of $146.9 compared to the previous closing price, influenced by escalating conflict in the region. It is noteworthy that gold prices have been on a steady rise, increasing 3.3% in the week leading up to the attack announcement, and surpassing the $5,300 mark for the first time since January 30.