(RTTN
(RTTNews) – Gold costs rose sharply and hit a four-month excessive on Friday because the demand for the safe-haven asset elevated because of an escalation in geopolitical tensions following a U.S. airstrike killing Iranian army chief Qassem Soleimani.
The U.S. Division of Protection stated in an announcement that it had killed Qassem Soleimani, who it alleged was behind the current assaults on the U.S. embassy in Baghdad. The Division of Protection additionally stated that the “strike was geared toward deterring future Iranian assault plans.”
Iranian chief Ayatollah Ali Khamenei stated there could be “revenge” for Soleimani’s dying.
The greenback index, which opened increased Friday morning, extending beneficial properties from earlier session, progressively misplaced floor and slipped into adverse territory to 96.71. The index has now recovered to 96.84, down barely from earlier shut.
Gold futures for February ended up $24.30, or about 1.6%, at $1,552.40 an oz, the perfect…