Gold gains as geopolitical threat level rises a notch

Safe-haven Gold sees demand pick up as investors cast a worrying eye over intensifying geopolitical events on the world stage. 

In the Middle East, tensions between Israel and Lebanon reached boiling point on Wednesday after Israeli officials warned they had approved plans for the Northern Command to launch an “all-out war” with Hezbollah in Lebanon. 

The threat came in response to the release of drone footage by Hezbollah chief Hassan Nasrallah, showing nine minutes of aerial footage of the docks in Israel’s port city of Haifa, which are operated by foreign companies from China and India, reported Aljazeera News. 

A full-frontal assault by Israel would represent a significant escalation of the conflict in the region, something US diplomats are working to avoid. Lebanon has been engaged in border skirmishes and traded missile attacks with Israel since the start of Israel’s invasion of Gaza.