Commodities
Traders Seek Safety in Gold After Israel Says It Struck Beirut
- Fed, BOJ and Bank of England to make monetary policy decisions
- Demand for bullion hits record for 2Q, World Gold Council says
Gold-backed exchange-traded funds have expanded by about 44 tons in July.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Gold gained the most in two weeks as traders sought safety in the precious metal after Israel struck Beirut’s suburbs in response to a weekend attack.
Israel’s military struck Beirut, aiming at a Hezbollah commander, following a rocket attack on Saturday in the Golan Heights that killed 12 people. The Israel Defense Forces said it targeted “the commander responsible for the murder of the children in Majdal Shams and the killing of numerous additional Israeli civilians.” Israel blamed the Lebanon-based militant group for the weekend attack.