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Gold surges to 7-year high over US-Iran tensions
TIWN
Gold surges to 7-year high over US-Iran tensions
PHOTO : TIWN

Mumbai, Jan 6 (TIWN) Spot gold prices on Monday jumped over 2 per cent to $1,587 an ounce, their highest level since April 2013 owing to the escalating US-Iran tensions.

Other safe-haven assets also edged higher owing to the war-like situation between the two biggest oil-producing countries, following the US attack and killing of a top Iranian military commander.   Iranian General Qasem Soleimani, was killed last week in Iraq by a US drone, sending global financial markets into a tailspin ever since.  Iran on Sunday said it will no longer abide by any of the limits imposed by 2015 nuclear deal, sparking fears of a military conflict. Besides, Iraq's parliament urged its leaders to expel US-led coalition troops from the country. 

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