News From Press Gold powers towards 7-year peak as investors rush for safety

Gold powers towards 7-year peak as investors rush for safety

Source: The Economic Times Jan 7, 2020

Gold prices were near a seven-year high on Monday as escalating tensions between United Stated and Iran attracted safe haven demand, while palladium rose past a key $2,000 level to hit a new record peak. Spot gold rose 1.6% to $1,575.70 per ounce as of 1320 GMT, putting it on course for its biggest one-day jump in more than four months. Earlier in the session it hit $1,579.72, its highest since April 2013.

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