Gold Jumps to Highest in Six Years as Rising Risks Boost Havens
- Bullion climbs above $1,440 as U.S. dollar continues decline
- Uncertainty in markets is fueling price, Vanguard’s Innes says
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Gold’s rally shows no signs of abating, with prices climbing afresh to a six-year high as cash keeps pouring into exchange-traded funds.
New U.S. sanctions on Iran added to uncertainty in global markets, bolstering gold’s appeal as a haven. Investors are also looking to the G-20 summit this weekend, where presidents Donald Trump and Xi Jinping are scheduled to meet to discuss U.S.-China trade.