Tensions escalate between India and Pakistan, spot gold prices rise to $3,400 per ounce.

The Zhitong Finance and Economics APP learned that on Wednesday, the geopolitical tension between India and Pakistan escalated sharply. The Indian military announced targeted strikes on infrastructure in Pakistan and the Kashmir region it controls, sparking vows of retaliation from Pakistan. As geopolitical risks rise and economic uncertainty between China and the US impacts, the price of gold continues to rise, with spot gold reaching $3,400 per ounce, hitting a two-week high.