Prices jumped more than 2% after Tehran fired a series of rockets at US-Iraqi bases early yesterday. After the spike, gold pared gains as Iran’s foreign minister said that the country isn’t seeking a war, although it would defend itself against any further aggression.
SINGAPORE: Gold surged above US$1,600 an ounce for the first time in more than six years after Iran attacked military facilities in Iraq hosting American troops in retaliation for the killing of a top general by US forces. Investors are now waiting to see whether President Donald Trump responds in kind.
Prices jumped more than 2% after Tehran fired a series of rockets at US-Iraqi bases early yesterday. After the spike, gold pared gains as Iran’s foreign minister said that the country isn’t seeking a war, although it would defend itself against any further aggression.
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