Precious Metals Preview: Safe haven metals rebound amid ongoing Middle East conflict

Safe haven metals are extending rebound on Thursday morning in Asia amid ongoing tensions in the Middle East with US and Israeli forces striking targets across Iran and Tehran retaliating with missile attacks on several neighboring states. Moreover, dollar recoiled under 99 mark after having surged in the previous session on inflation concerns that the war could further escalate oil and gas prices. COMEX gold is quoting at $5194.60 an ounce, up 1.29% on the day while silver is up 2.5% at $85.06 an ounce.

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