Gold held its ground near the highest level in more than six years even as some appetite for risk crept back into equity markets, with investors on alert for Tehran’s next move in the showdown with the US.
Prices of the haven – which rallied 2.4% over the past two days to approach $1 600 an ounce – were firm, while Asian equities rebounded. The moves came after Washington committed more troops to the Mideast amid speculation that Iran will deliver on threats to retaliate for the US killing of a senior general.