Gold 1,600 missile attack, Gold hits near seven-year peak at $1,610.90

Gold 1,600 missile attack, Gold hits near seven-year peak at $1,610.90.

The price for an ounce (31.1 grams) of gold briefly passed the $1,600 mark on Tuesday night, it’s highest level since 2013.

The price per ounce of gold then fell to 1,594 dollars, which remains 20 dollars above its value of the day before.

Oil prices have also increased following the two missile attacks on bases in Iraq hosting US soldiers by Iran, coming as retaliation of the killing of General Soleimani.

The price of a barrel of Brent from the North Sea reached 70.89 dollars just after the attack. At 9.35 Belgian time the price dropped back below the 70 mark to 69 dollars a barrel.

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