Gold prices gained more than 1% on Wednesday in Asia amid intensifying U.S.-Iran conflict.
Gold Futures for February delivery on New York’s COMEX traded 1.1% higher to $1,592.05 per ounce by 11:17 PM ET (03:17 GMT). 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.
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