Bengaluru — Gold prices were near a seven-year high on Monday as escalating tensions between the US and Iran attracted safe-haven demand, while palladium rose past a key $2,000 level to hit a new record peak.
Spot gold rose 1.6% to $1,576.42/oz by 10.39am GMT, putting it on course for its biggest one-day jump in more than four months. Earlier in the session it hit $1,579.72, its highest since April 2013. US gold futures gained 1.7% to $1,578.70...
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