Investment havens such as gold and the Japanese yen are gaining attention, with the latter reaching a near six-year high. FMTNews US Iran
LONDON: Escalating tensions between the United States and Iran dampened equity markets and the dollar Tuesday but lifted haven investments the yen and gold, with the latter striking a near six-year high.
“Geopolitical tensions weighed on the markets on Tuesday after the US imposed new sanctions on Iran,” noted Russ Mould, investment director at AJ Bell.The precious metal struck US$1,439.65 an ounce Tuesday, the highest level since September 2013, with a softer dollar lending additional support according to traders.
Trump unveiled the new restrictions on Monday, days after Iran shot down a US drone that Tehran said had entered its airspace.However European stock markets were far steadier in midday deals.
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