Gold reclaims $5,000 as Middle East tensions boost safe-haven demand
From kitco.com
After a relatively quiet week, gold has managed to reclaim the $5,000-an-ounce level ahead of the weekend as investors seek insurance to hedge against geopolitical uncertainty and chaos in the Middle East if America launches an attack on Iran. Gold’s push back above what has become a critical psychological level comes as President Donald Trump has sent aircraft carriers, fighter jets, and surveillance planes to target Iran, representing the biggest accumulation of American firepower in the region since the Iraq War. However, analysts note that, so far, gold’s safe-haven allure has been limited, as prices are looking ...
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