Singapore: Gold has surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group Inc saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended gains to an all-time high.
Bullion neared US$1,600 an ounce as Tehran said it would no longer abide by any limits on its enrichment of uranium following the killing of general Qassem Soleimani.
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