“Gold rose more than 1 percent on Friday to hit a 5-month high as investors sought safe-haven assets after the United States launched cruise missiles against a Syrian air base, potentially escalating tensions with Syrian allies Russia and Iran.

U.S. President Donald Trump unleashed the military strikes in response to a deadly chemical attack on a rebel-held area, a U.S. official said on Thursday.

Spot gold had risen 1 percent to $1,263.53 per ounce by 0650 GMT. It earlier climbed as much as 1.4 percent to its highest since Nov. 10 at $1,269.28, and was on track for a fourth straight week of gains.

U.S. gold futures also climbed 1 percent to $1,266 an ounce.”

via Gold hits five-month high on safe-haven demand as U.S. strikes Syria | Reuters

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