Japan defense treaty is a disadvantage for US?

On Tuesday the safe-haven Gold rose more than 1% to its most important level in six years. What supported the famous yellow metal is the fact that the dollar is softened toward the possibilities of monetary easing by the Federal Reserve. Another factor that supported the gold and weakens the greenback is the increasing US-Iran pressure that lifted investors risk appetite. US gold futures surged more than 1.5% to $1,440.19 an ounce. Spot gold went up more than 1% to $1,435.43 per ounce.

On Tuesday the popular greenback fell to a multi-month low versus the euro and the Japanese yen due to the possibility of rate cuts by the Federal Reserve. In the meantime, the safe-haven gold and Swiss franc advanced upon Middle East tensions. The U.S dollar moved lower more than 0.3% to 106.92 yen. The euro scored a 120-day top of $1.14104. The dollar index versus a box of six major competitors descended to its lowest level in three months to 95.942. It dropped more than 1.5% over the latest five trading sessions.