10 Nov 2024
Wednesday 8 January 2020 - 17:01
Story Code : 367578

Gold prices rise after Iran retaliates against US assassinating of Soleimani

The Wall Street Journal - Gold prices rise after Iran fired more than a dozen ballistic missiles at U.S. forces in Iraq, according to the Pentagon, an act of retaliation for the assassination of Iranian Maj. Gen. Qassem Soleimani.

The precious metal is 0.9% higher at $1,588.30 a troy ounce in the New York futures market in early European trading.

Shortly after the missile attack, it rose as much as 2.8%, to a fresh six-year high of $1,613.30 a troy ounce. Investors have bought gold as a hedge against the risk of a broader conflict in the Middle East since Soleimanis killing on Friday. Fund managers and analysts say the precious metal...

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