Gold price hits six-year high as investors await US interest rate cut

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One troy ounce reaches $1,452.60 amid increased US-Iran tensions

Gold prices have hit their highest levels in six years as investors brace for an interest rate cut by the US Federal Reserve and seek a safe haven amid tensions between Washington and Tehran.

The price of one troy ounce of gold peaked at $1,452.60 on Friday morning, the highest point since May 2013, with fears over the Persian Gulf standoff also driving up the price of a commodity that is viewed as a market refuge during geopolitical crises.

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Source: iran
Link : Gold price hits six-year high as investors await US interest rate cut

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