Will Iran-U.S. friction push gold prices to ultimate highs?

Tensions between the U.S. and Iran seem to have simmered down a bit, but a flare up could happen again and gold could be poised to push higher, said Peter Hug, global trading director of Kitco Metals.
“Right now, gold looks a little suspect, I wouldn’t be aggressively chasing it. I’m looking for the market to consolidate here. If it consolidates here, then the next push to $1,600 could be a real push,” Hug told Kitco News.

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