Gold surged to its highest level in more than six years as investors fled riskier assets amid rising tensions between Iran and the U.S.
Gold futures hit $1,590.90 per ounce, their highest level since April 2, 2013, when they reached a high of $1,604.30 per ounce.The precious metal has been on a tear over the past two sessions after President Donald Trump authorized the assassination of a top-ranking Iranian military official, sparking a move out of riskier assets in favor of safe havens such as gold.
Futures for February delivery were up 1.7% at $1,578.80 per ounce and hit a high of $1,590.90 per ounce. That's the metal's highest level since April 2, 2013, when it traded at $1,604.30 per ounce. Gold was also headed for its ninth straight day of gains.
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