Gold Extends Gains as Dip-Buyers Shrug Off US-Iran Escalation

Gold extended its rally, rising as much as 1 percent to above $4,100 an ounce as dip-buyers supported prices despite escalating US-Iran tensions in the Middle East. Silver also gained, trading near $60 an ounce, while platinum and palladium advanced. ETF holdings rose by around 7.4 tons on Tuesday, the highest daily inflow in more than a month, with Morgan Stanley forecasting gold at $4,450 and silver at $65.40 by Q4.