International gold prices topped $2,700..."Favoring safe assets for Middle East instability"

International spot gold prices have broken the 2,700-dollar-per-ounce mark and 3.733 million won-per-ounce mark, setting a new record high in a single day.

According to Bloomberg, international gold prices in Asian financial markets once exceeded $2,707 an ounce.

Foreign media analyzed that the death of Hamas chief Yahya Sinwar has increased tensions in the Middle East, driving demand to gold, a safe asset.

Gold prices are up about 31% this year alone, the second-biggest strength among major raw materials.

Recently, the U.S. has ended its tightening policy and started cutting interest rates, and central banks in each country have been buying gold in large numbers.