New York’s COMEX traded 1.1% higher to $1,592.05 per ounce by 11:17 PM . The yellow metal is now near its highest level since 2013, with some analysts saying the market seems set on a near-term high of $1,600.Later, Iran said it had “concluded proportionate measures” and wasn’t seeking war. U.S. President Donald Trump said he will make a statement later in the day. Besides the U.S.-Iran standoff, investors were also on the lookout for next week’s tentative signing of the U.S.-China phase one deal. The two nations will reportedly sign the deal on Jan. 15 in Washington. The gains followed new of an Iranian attack on military facilities in Iraq hosting American troops, escalating tensions in the Middle East. The attack came hours after The funeral of Qassem Soleimani, the commander of the country’s elite Quds Force, killed in a U.S. drone stroke on Jan. 3.