Gold Climbs to Highest Level Since 2013 on Iran-U.S. Tension
Gold rose to the highest level in more than six years as rising tensions in the Middle East stoked geopolitical uncertainty and demand for haven assets. Palladium also extended gains.
Spot bullion climbed as much as 2.3% to $1,588.13 an ounce, the highest level since April 2013, and traded 1.5% higher at $1,575.36 as of 7:22 a.m. in Singapore, while futures gained as much as 2.5% to $1,590.90. Palladium jumped as much as 1.2% to $2,013.90 an ounce, a fresh record high, while silver and platinum also gained. READ MORE
- Stay vigilant as the war moves to new level
- Iran & US tension will stretch to the world
- OIL price moving up will cause inflation to rise across the world
- Volatility is expected
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