Gold revisits $2,000 with new 3-month high Gold retained its shine across the safe haven world on Friday, revisiting $2,000 the first time since August and eventually setting a three-month high, as contagion worries from the Middle East’s latest war and the Federal Reserve’s hesitancy to raise US interest rates anymore sent a horde of investors toward the yellow...
Gold prices shot up in a pavlovian response to the war crisis between Israel and Palestine. The yellow metal gained its sheen as investors rushed to put their money in safe-havens like gold along with bonds and US dollars. Gold jumped close to two per cent in last session.