Gold reached another milestone on Friday by surpassing $2,400 an ounce for the first time ever, as support for safe haven assets remains firm on rising tensions in the Middle East .
Gold prices are up again this morning, almost 1%, as more investors view it as a better hedge against geopolitical risks than government bonds due to US inflation concerns.Bullion has been on a tear in recent weeks, rising by nearly 20% since mid-February. Alongside safe-haven demand for the metal, purchases by central banks have also played a big part in its rise.
Gold Milestone Ounce Safe Haven Assets Middle East Tensions Israel Iran Conflict
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