London — Gold prices rose on Friday and were headed for their second weekly gain as investors sought safety from security tensions over Syria. On Thursday, US President Donald Trump and his national security aides discussed options on Syria, where he has threatened missile strikes in response to a suspected poison gas attack, as a Russian envoy voiced fears of wider conflict between Washington and Moscow. Trump, however, cast doubt over the timing of his threatened strike on Syria on Thursday, by tweeting that an attack on Syria "could be very soon or not so soon at all". "Donald Trump back-pedaled a bit in his morning tweet yesterday, but the danger is still there that situation could escalate with Russia due to a military attack on Syria," said Quantitative Commodity Research consultant Peter Fertig. "We are back at a Cold War which easily could turn into a hot war if someone loses their nerve and in such a situation gold is a haven." Gold is often used as store of value in times ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.