Gold nears 7-year high as US-Iran tensions spike

Pedro Gonçalves
clock • 2 min read

The price of gold rose to its highest level in nearly seven years on Monday as escalating tensions between United Stated and Iran fuelled safe haven demand, while oil has gone past $70 a barrel. Spot gold surged 1.5 percent to $1,579.55 per ounce in jittery trade making the metal more expensive than it has been since April 2013. Gold was on track to rise for a ninth consecutive day, which would mark its longest run of gains since January 2018. Gold "has entered 2020 with strong momentum...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login