Middle East Conflict Stokes Gold Demand, Prices Soar

As early trading got underway on Wednesday, gold pricesย climbed for their fifth day in a rowย as the conflict in the Middle East stoked demand for this safe-haven asset. Energy markets were also thrown out of whack as strikes against Iran upended trade routes, especially the Strait of Hormuz.

All eyes are on events in Iran, and enterprises likeย Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM)ย will be working out how they can leverage the currently high gold prices to boost shareholderโ€ฆ

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