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Gold Supported On Safe-Haven Demand Amid Anxious World Markets

(Kitco News) – Gold prices are higher on safe-haven demand Monday as there is anxiety in the marketplace to start the trading week and the new trading year. World stock markets are under selling pressure partly due to rising tensions in the Middle East. Saudi Arabia executed what it said were terrorists over the weekend, including an Iranian cleric, which enraged Iran and other Arab nations. Saudi Arabia has cut diplomatic ties with Iran after its embassy in Iran was attacked.

By Jim Wyckoff, contributing to Kitco News;
Follow Jim Wyckoff @jimwyckoff