Thanks for joining me. Gold jumped to fresh record highs after Iran’s president was killed in a helicopter crash.
Bullion jumped as much as 1.1pc to hit $2,440.59 an ounce after Iranian President Ebrahim Raisi, Foreign Minister Hossein Amirabdollahian and all the other passengers onboard died when the aircraft came down in northwest Iran.
His death has added to tensions in the Middle East, which analysts said increases the appeal of the metal, which is considered a safe haven in times of turmoil.
However, in a sign that markets were less concerned about the threat of instability, the price of oil remained relatively steady at $84 a barrel.
Nicholas Frappell, global head of institutional markets at ABC Refinery in Sydney, said: “Gold’s rally is news-driven with uncertainty about what happened in Iran.Â
“There is bound to be an element of jumping to conclusions on the basis of very little…
