Spot gold surged 1.6% to $1,575.37 per ounce in jittery trade and reached its highest since April 2013. Oil prices added to their gains on fears any conflict in the region could disrupt global supplies. Brent crude futures rose $1.05 to $69.65 a barrel, while U.S. crude climbed 94 cents to $63.99.
SYDNEY: Asian share markets looked to be heading into turbulence on Monday as a flare-up of tensions in the Middle East sent gold to its highest in almost seven years while oil flirted with four-month peaks.
The United States detected a heightened state of alert by Iran's missile forces, as President Donald Trump warned the U.S. would strike back,"perhaps in a disproportionate manner," if Iran attacked any American person or target.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
