Gold Rises Above $1,400 on Middle East Unrest

Precious Metals

Bloomerberg reports that gold rose over $1,400 an ounce in London as conflict in the Middle East and concerns over inflation increased demand.

Bloomerberg reports that gold rose over $1,400 an ounce in London as conflict in the Middle East and concerns over inflation increased demand.

The market news is quoted as saying:

“The mix of Middle Eastern jitters and inflation concerns continues to create a favorable price environment for the precious metals, particularly gold and silver,” James Moore, an analyst at TheBullionDesk.com in London, said in a report.

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