Gold climbs as conflict intensifies in Iraq

Source: Bloomberg
© Scanpix/Reuters
Tension in the Middle East and Ukraine keep on concerning traders, therefore causing gold to rise to its highest price in three weeks. Gold rose by 0.7% to 1,322.14, reversing a 0.3% loss, after Barack Obama approved air strikes in Iraq. Regarding futures, gold for December increased to 1,323.50 on the Comex.
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