On Wednesday the classic safe haven metal Gold climbed more than 2% passing the key level $1,600, while investors attempted to find refuge in the safe-haven metal following the firing of Iranian missiles at Iraqi airbase which house some US forces. Spot gold rose almost 2% to $1,603.20 per ounce. Gold hit its highest level since March 2013 at $1,610.89 earlier in the trading session. US gold futures surged 2% to $1,605.79.
Iran launches missiles against US bases in Iraq
Daily Analysis - 08/01/2020