Gold near seven year high
GOLD has peaked at a near seven-year high of US$1579.72 after the US launched a deadly attack against Iranian military leader Major General Qassem Soleimani. The destabilising effect on the international market was swift, and was the latest in a string of contributing factors that has continued to drive investors to gold as a safe-haven metal to protect against market downturn. The price spike has come after a momentary lapse in gold’s momentum in Q4 2019, surging to its highest price since April 2013 at US$1579.72. The assassination of General Soleimani has escalated international fears that tensions between Washington and Tehran could spill over into a new war in the Middle East. The targeted attack was given the go-ahead by...