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7/18, 10:15 PM (Source: TeleTrader)
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Gold reaches six-year high as US, Iran tensions flare

Precious metals continued to rise on Thursday with the price of gold jumping to the highest point since May 2013 following the news that the United States Navy shot down an Iranian drone in the Strait of Hormuz.

Gold was up 1.37% at $1,445.93 per ounce as of 10:25 am CET. Silver was 2.31% higher at $16.34 and platinum gained 0.90% to $852.26 for one troy ounce. At the same time, palladium was down 0.38% to $1,530.90 per ounce.

Breaking the News / MD