Gold rises to almost seven-year peak after Iranian strike
The metal surfed a wave of safe-haven demand after Iran launched retaliatory missile strikes against US forces in Iraq
08 January 2020 - 08:24
Bengaluru — Gold soared as much as 2% on Wednesday to vault over the $1,600 ceiling for the first time in nearly seven years, as investors flocked to safe havens, after Iran launched retaliatory missile strikes against US forces in Iraq.
Spot gold jumped 0.8% to $1,585.80/oz by 2.50am GMT. Prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rallied 1% to $1,589.30...
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