Gold is surging
Meanwhile, the spot gold price rose to its highest in almost seven years as concerns over geopolitical tensions in the Middle East stoked demand for precious metals, which are seen as safer investments during times of financial uncertainty.
Spot gold surged 1.5 percent to $1,579.55 per ounce in jittery trade and reached its highest since April 2013.
Gold "has entered 2020 with strong momentum", Gavin Wendt, senior resource analyst at MineLife Pty in Sydney, said in an email to Bloomberg. "When you factor in ongoing uncertainty with respect to US-China trade talks and heightened security issues with Iran, gold really is a no-brainer."
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| Open | High | Low | Value | Volume |
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