Gold rose to its highest level in seven years today, Monday, as investors took over the metal, which is considered a safe haven due to escalating tensions between the United States and Iran, while palladium exceeded the level of two thousand dollars to record a record peak.
And rose gold in immediate trading 1.5% to $ 1574.14 an ounce (0700 GMT) by 07:04 GMT. Earlier in the session, it rose 1.8% to $ 1579.72, the highest level since the tenth of April 2013. Gold rose in US futures trading 1.6% to $ 1577.20.
US President Donald Trump has threatened to impose sanctions on Iraq after the Iraqi parliament demanded the exit of US and foreign forces from the country amid an angry response to the killing of the United States by a prominent Iranian military commander, raising fears of a wider conflict.
Adding to the blurring is Iran's announcement that it will further reduce its obligations in the nuclear agreement signed with the six major powers in 2015.
The palladium spot price hit an all-time high of $ 2020.18 an ounce and rose in the most recent trading 1.4% to $ 2015.24.
Silver advanced 1.9% to $ 18.38 an ounce after touching the highest level in more than three months at $ 18.50, while palladium advanced 0.8% to $ 987.82.