Metals Stocks: Gold takes aim at fresh 2013 highs as U.S.-Iran tensions build

An earlier version of this report incorrectly stated that prices for futures were trading in record territory. The most-active contract for gold is trading at its highest levels since 2013. The error has been corrected.

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Geopolitical tensions helped nudge investors into gold on Tuesday, with the precious metal poised to mark its highest finish in more than six years.

Gold has seen an “extraordinary march higher as global economic worries, political worries and U.S. politics underpin many bids from buyers, in many countries, as opportunity costs for buying gold have also lowered buyers’ resistance,” said George Gero, managing director at RBC Wealth Management.

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