09:18 AM EDT, 04/12/2024 (MT Newswires) -- Gold pushed above the US$2,400 mark for the first time early on Friday, supported by worries Iran is readying an attack on Israel and falling treasury yields.

Gold for June delivery was last seen up US$41.40 to US$2,414.10 per ounce.

The rise comes on worries Iran is ready to retaliate against an Israeli attack on its Syrian embassy this month that killed senior members of the country's military with missile or drone attacks on targets in Israel, raising fears of a wider Middle East war. CBS News reported early on Friday the United States issued a warning for travel to Israel, fearing a large-scale attack on the country is near.

The price of the metal has gained 9.5% over the past month rising to a series of fresh records on geopolitical worries, even as expectations the Federal Reserve will soon cut interest rate fade.

"Gold may still be benefitting from some risk off moves as equities suffered, and we suspect that central bank buying, physical demand and geopolitical risks are playing a role in the short term," RBC Capital Markets commodities strategist Christopher Louney noted.

The dollar was higher early on Friday, with the ICE dollar index last seen up 0.72 points to 106.0, the highest since November.

Treasury yields fell, with the US two-year note last seen paying 4.886%, down 8.8 basis points, while the yield on the 10-year note was down 9.4 basis points to 4.501%.