Gold hits 5-month high on safe-haven demand as US strikes Syria

April 7, 2017

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Gold rose more than 1% on Friday to hit a 5-month high as investors sought safe-haven assets after the United States launched cruise missiles against a Syrian air base, potentially escalating tensions with Syrian allies Russia and Iran. US President Donald Trump unleashed the military strikes in response to a deadly chemical attack on a rebel-held area, a US official said on Thursday.

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