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Gold prices touched a high above $2,000 an ounce on Friday for the first time since early August, as the Israel-Hamas war raised worries about the potential spread of violence in the Middle East, leading investors to seek safety in the precious metal.
On Friday, December gold GC00 GCZ23 rose $13.90, or 0.7%, to settle at $1,994.40 an ounce on Comex after trading as high as $2,009.20. Prices hadn’t traded above $2,000 on an intraday basis since Aug. 1 and it hasn’t settled above that level since July 31, according to Dow Jones…
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