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Gold rose to its highest level in seven years today, Monday, as investors took over the metal, which is considered a safe haven due to escalating tensions between the United States and Iran, while palladium exceeded the level of two thousand dollars to record a record peak.
And rose gold in immediate trading 1.5% to 1574.14 dollars an ounce (ounce) by 07:04 GMT. Earlier in the session, it rose 1.8% to $ 1579.72, the highest level since the tenth of April 2013.
Gold in US futures rose 1.6% to $ 1577.20.
US President Donald Trump has threatened to impose sanctions on Iraq after the Iraqi parliament demanded the exit of US and foreign forces from the country amid an angry response to the US killing a prominent Iranian military leader, raising fears of a wider conflict.
Adding to the blurring is Iran’s announcement that it will further reduce its obligations in the nuclear agreement signed with the six major powers in 2015.
The palladium spot price hit an all-time high of $ 2020.18 an ounce and rose in the most recent trading 1.4 percent to $ 2015.24.
And silver advanced 1.9% to $ 18.38 an ounce after touching the highest level in more than three months at $ 18.50, while palladium advanced 0.8% to $ 987.82.
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