Gold Hits 5-Month Peak, Geopolitical Tensions Drive Flight To Safety

Gold climbed to a 5-month high on Wednesday after gaining nearly 2 percent the session before, with investors shifting to safe-haven assets on rising tensions over U.S. relations with Russia and North Korea. Spot gold had edged up 0.1 percent to $1,274.91 per ounce by 0311 GMT, after earlier hitting its strongest since Nov. 10 at 1,279.80. U.S. gold futures rose 0.2% to $1,277.20. Heightened tensions in the Korean peninsula and Middle East following U.S. strikes on Syria, along with the upcoming French presidential election, have left investors nervous.

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