Iranian Military Adviser Killed in Israeli Airstrike, Potentially Paving the Way for Further Gold Price Increase

On June 3, gold price surged by over $20, as weak U.S. PMI data led to a softer dollar and lower U.S. Treasury yields, bolstering gold prices. Additionally, geopolitical tensions attracted safe-haven buying in gold. Reports indicate that on June 3, local time, an Iranian Islamic Revolutionary Guard Corps advisor stationed in Syria, Saeed Abuyer, was killed in an Israeli airstrike on Aleppo, Syria, in the early hours.

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Iranian Military Adviser Killed in Israeli Airstrike, Potentially Paving the Way for Further Gold Price Increase