Gold surges to more than 6-year high on geopolitical turmoil, inflation fears
CNBC - Gold surged Monday to its highest level in nearly seven years as investors fled riskier assets such as stocks amid rising tensions between Iran and the U.S.
Futures for February delivery were up 0.9% at $1,565.60 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. Gold was also headed for its ninth straight day of gains.