Gold Targeting the Highest Price since November
With geopolitical tensions weighing on jittery investors, gold prices have jumped 2.4 percent last week. On Wednesday, gold pushed above $1288, its highest level since November 10 and today it hits 1295.32. Nervous investors have snapped up the base metal as tensions escalate over Syria and North Korea. The US bombed a Syrian military base last week, in response to a chemical attack by Syrian warplanes. Russia has strongly condemned the US move, chilling relations even further between the US and Russia. President Trump has also sent warships to the Korea peninsula, in a show of strength against North Korea, which continues to test ballistic missiles in defiance of the international community. As well, Donald Trump said in a newspaper interview on Wednesday that the value of the US dollar was too strong and that he was in favor of a low-interest rate policy. Trump's comment sent the dollar lower and pushed gold to higher levels.
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