Gold trades near highest since May on Syria tensions
REUTERS - Gold was trading near its highest in more than three months on Wednesday, buoyed by safe-haven buying due to geopolitical tensions in Syria.
The United States and its allies are gearing up for a probable military strike against Syrian President Bashar al-Assad's government as punishment for last week's chemical weapons attacks.
Stock markets in the US and Asia fell on the news, while oil prices hit six-month highs.
"When things get uncertain you will always see a bigger interest in gold," said Mr Han Pin Hsi, global head of commodities research at Standard Chartered Bank in Singapore.