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Gold Hits Fresh High as Mideast Tensions Boost Haven Demand

From bnnbloomberg.ca

Gold touched a fresh record as Israel prepared for a strike by Iran or its proxies, and traders mulled the latest US economic data. Bullion climbed as much as 1% to $2,395.48 in early Asia hours. Israel is preparing for an assault in the next two days, in retaliation for its strike on Iran’s diplomatic compound in Syria last week, the Wall Street Journal reported, citing a person familiar with the matter. Gold’s stellar rally faltered on Wednesday after a hotter-than expected consumer price inflation reading, but has since resumed a fourth weekly advance — the longest streak since January last year. The gains have ... (full story)

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  • Category: Fundamental Analysis