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The price of gold soared to its highest level in six years

The price of gold soared to its highest level in six years
The price of gold

The yellow metal gold rose to the highest level in six years on Tuesday, boosted by the growing dispute between the United States and Iran over recent sanctions and signs that US President Donald Trump and Chinese leader Xi Jinping will not achieve substantial progress around a trade agreement at its next meeting at the G-20 in Japan.

Spot gold, which broke the USD 1,400 barrier last week, rose 1.4% to USD 1,439.21, the highest level since May 2013.

The yield on 10-year US Treasury bonds, also an index that investors follow closely to assess risk, fell below 2% for the first time since November 2016 on Wednesday, after the Federal Reserve open the door to a cut in interest rates and other central banks will also shift towards a more moderate stance.

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