Gold Climbs to Highest Level Since 2013 on Iran-U.S. Tension [Yahoo! Finance News]
NEWCREST MINING LTD S/ADR (NCMGY)
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Source: Yahoo! Finance News
) -- 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. Iran’s government said it would no longer abide by any limits on its enrichment of uranium following the killing of Iranian General Qassem Soleimani, while Iraq’s parliament voted to expel U.S. troops from the country. President Donald Trump told U.S. lawmakers on Sunday he was prepared to strike Iran “in a disproportionate manner” if it retaliates against any U.S. target, as the nations traded threats following the deadly drone attack on the Islamic Republic’s most prominent
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