SINGAPORE: Gold jumped to the highest in almost four months after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East and spurring demand for haven assets.
The strike in Baghdad ordered by President Donald Trump killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, the Defense Department said. Iran’s supreme leader, Ayatollah Ali Khamenei, has vowed that "severe retaliation” awaits those who killed the commander.
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