Gold Price Surges Over 3.5% Amid India-Pakistan Tensions: Impact on Crypto and Safe-Haven Assets | Flash News Detail
The geopolitical landscape has shifted dramatically with recent reports of India attacking Pakistan, triggering a significant rally in gold prices. As of May 6, 2025, gold has surged over 3.5% within the day, reflecting its status as a safe-haven asset during times of uncertainty, as reported by The Kobeissi Letter on social media. This escalation in tensions has not only impacted traditional markets but also sent ripples through the cryptocurrency space, where risk aversion often drives capital flows. At 10:00 AM UTC on May 6, 2025, spot gold prices reached $2,450 per ounce, marking a sharp increase from the day’s opening at $2,367, according to data from major financial trackers. This rapid price movement…
