Iran tensions means traders are piling into gold
Gold reached the highest level since April 2013, reaching a high of about $1,588, and was up 1.7% to $1,577 per ounce in London late Monday morning.
"Gains in the last two trading days have lit a fire under a multi-day surge in gold prices," said one analyst.The precious metal reached an April 2013 high of about $1,588, and was up 1.7% to $1,577 per ounce as of 11:00 a.m. in London .Tensions have escalated after the US killed a top Iranian military chief last week, rattling stock and commodity markets.52 Iranian sites"VERY FAST AND VERY HARD" if leaders there retaliate against American interests.
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