Gold prices rose $30 an ounce as demand for safe havens surged after Iran launched a ballistic missile at Israel on October 1.

Iran's attack on Israel has dented investor confidence, raising concerns that risky assets could be sold off sharply if the situation worsens.

The plunge in crude oil and fuel prices has prompted the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to extend its production cuts.

China signals lower fuel consumption, prompting OPEC to cut its forecast for global oil demand growth for the first time this year.

Saudi Arabia - the world's largest oil exporter - will increase production to regain market share, abandoning its goal of pushing fuel prices to $100 a barrel.

The UK increases taxes by 3% above normal for second home purchases, while Singapore imposes 20% taxes on second homes and 30% on third homes.

The Wall Street Journal says the iPhone maker has dropped out of discussions about participating in OpenAI's upcoming funding round.

While individual investors remain optimistic about the gold market, analysts are cautious, saying that the precious metal's price growth momentum is gradually narrowing.

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