08/01/2020
Gold pared most of its earlier gains amid indications that Iran’s retaliation over the killing of a top general had a limited effect. Palladium rose to a fresh record above $2,100 an ounce.
Earlier, gold spiked above $1,600 for the first time in nearly seven years after Iran attacked military facilities hosting U.S. troops. There were no American casualties in the strikes, a U.S. official said, asking not to be named because the information hasn’t yet been made public.