Ankara: Gold and silver prices showed massive volatility between Monday and Tuesday as investors reacted to escalating military conflicts in the Middle East. The massive price jumps reflected a strong rush toward safe-haven assets among global investors.

According to Anadolu Agency, on Monday, the price of gold surged past $5,400 per ounce after US and Israeli forces conducted joint military operations. However, by Tuesday, gold prices had dropped by 4.08% as of 1135GMT to around $5,100.

Silver followed a similar upward trajectory on the first day of the week, skyrocketing to $90 per ounce. On Tuesday, silver prices dropped over 10% to $80.