(Reuters) -Gold rose for a fourth straight session to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven assets.

Spot gold gained 0.3% to $3,442.09 an ounce, as of 0246 GMT, after hitting its highest level since April 22 earlier in the session.

U.S. gold futures advanced 0.3% to $3,461.90.

“It’s the joint political risk premium that’s rising due to the Iran-Israel conflict at this point that is boosted safe-haven demand for gold,” said Kelvin Wong, a senior market analyst, Asia Pacific at OANDA.

“We have a clear break above $3,400 right now and the short term uptrend is intact. We are seeing resistance level at $3,500 and with the possibility of breaking new high above the $3,500 level.”