The safe-haven Japanese yen jumped and gold shot higher on Wednesday after a roc...
SINGAPORE - The safe-haven Japanese yen jumped and gold shot higher on Wednesday after a rocket attack on a base hosting U.S. troops in Iraq renewed fears of a broader conflict breaking out in the Middle East and sent investors rushing to safety.
The Pentagon said the missiles were launched from Iran, while Iranian news agency Mehr reported the attack was launched by Iran’s Islamic Revolutionary Guard Corps. Shares slid and gold jumped $18 an ounce to $1,592.50 per ounce, its highest since 2013. Oil erased recent losses on fears any conflict in the region could disrupt global supplies.
“It’s only early Asian trading at the moment, so there’s a lot more liquidity to come on, and once we see what further retaliation there is.”U.S. President Donald Trump has been briefed on the attack in Iraq and was monitoring the situation, White House spokeswoman Stephanie Grisham said.
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