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...

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