Gold hovers near 6-year high as dovish cenbanks, US-Iran tensions fuel demand

From reuters.com

Gold prices advanced on Monday, hovering near a six-year high touched in the previous session, as dovish signals from major central banks and heightened tensions between the United States and Iran boosted demand for the safe-haven metal. Spot gold was up 0.3% at $1,402.50 per ounce as of 0336 GMT, heading for a fifth straight session of gains. Gold prices hit $1,410.78 on Friday, their highest since Sept. 4, 2013. U.S. gold futures rose 0.6% to $1,409.10 per ounce. U.S. President Donald Trump said on Sunday he was not seeking war with Tehran, but tensions remain high between the longtime foes with Washington due to ... (full story)