Gold hits record high as Iran shock triggers haven support
KUWAIT CITY: A jeweller arranges gold bars at his shop on Monday.—AFP
LONDON: The price of gold hit a record high on Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment.
Copper also struck an all-time peak and silver jumped to the highest level in more than 11 years — with markets generally gaining from a brighter economic outlook.
Gold had already hit a series of record highs this year.
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