Gold soars as Middle East tensions brew 'perfect storm'
Share:
(Reuters) - Gold surged on Monday to a near seven-year high as the U.S. killing of a top Iranian commander caused fears of a wider conflict in the Middle East. Palladium surpassed $2,000 an ounce for the first time.Spot gold was up 0.8% at $1,564.00 per ounce as of 12:21 p.m. ET (1721 GMT), after rising to $1,579.72 earlier in the session, its highest since April 2013.U.S. gold futures gained nearly 1% to $1,566 per ounce."The markets are nervous about what comes next between the United States..