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Middle East Conflict Stokes Gold Demand, Prices Soar

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

As early trading got underway on Wednesday, gold prices climbed for their fifth day in a row 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 like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) will be working out how they can leverage the currently high gold prices to boost shareholder…

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