Gold prices jumped above key levels following U.S. military strikes against a Syrian airbase controlled by President Bashar al-Assad.
Spot gold prices rose 1.23% to trade above the key $1,261.70 level at $1266.10.
U.S. President Donald Trump addressed the nation on Thursday, saying that he ordered a targeted military strike against an airfield in Syria that was used to launch a deadly chemical attack earlier this week.
U.S. Navy warships in the Mediterranean Sea launched an estimated 50 Tomahawk missiles against the Syrian airbase in Homs controlled by President Bashar al-Assad, Reuters quoted a U.S. official as saying.
The airstrikes were carried out at 8:45 p.m. EDT.
Trump ordered the strikes against Syria just a day after speaking out against Assad and this week’s chemical attack in Syria, which killed at least 70 people, the majority of whom were children.
http://www.kitco.com/news/2017-04-06/Gold-Jumps-After-U-S-Military-Strikes-Against-Assad.html