Gold returns to $5,000 levels with renewed tensions between America and Iran
Gold prices continued their gains today, Wednesday, driven by the demand for safe assets, as renewed geopolitical tensions between the United States and Iran contributed to strengthening the recent rise of the yellow metal, which witnessed its record its best daily performance since 2008 in the previous session.
The price of gold in spot transactions increased by 2.7% to $5,071.79 per ounce by 03:53 GMT, while gold futures in the United States (April delivery) rose by 3.2% to $5,092.0 per ounce.
Meanwhile, the price of silver rose 3.2% to reach $87.84 per ounce, falling from a record high of $121.64 last Thursday.
In other precious metals, the price of platinum rose 2.9% to reach $2273.70 per ounce, while palladium increased 3% to $1784.67.
And Gold prices reached the $5,000 level again, as geopolitical tensions raised the metal’s appeal as a safe haven after the US military shot down an Iranian drone that approached "With aggressive suspicion" From the aircraft carrier Abraham Lincoln in the Arabian Sea, it was reported "Reuters" Tuesday.
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