London — European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the US Federal Reserve inflated gold to six-year highs and stoked demand for safe-haven currencies such as the yen and Swiss franc.

Taking a dramatic step to increase pressure on Iran, on Monday, US President Donald Trump signed an executive order imposing sanctions on Supreme Leader Ayatollah Ali Khamenei and other top officials.

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