India, June 13 -- Gold prices rose over 1 percent to hover near a two-month high on Friday as heightened geopolitical tensions and trade uncertainties helped spur safe-haven demand for the precious metal.
Spot gold climbed 1.1 percent to $3,423.28 per ounce in European trade and was up more than 3 percent for the week. U.S. gold futures were up 1.2 percent at $3,444.50 per ounce.
Heightened tensions in the Middle East boosted bullion's appeal as a safe-haven asset following Israeli airstrikes on Iran.
Israel launched strikes against Iran early Friday morning, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."...