Gold and palladium hit record highs due to the escalation of the Middle East confli

Gold prices set a new record yesterday since 2013 against the backdrop of the tense situation in the Middle East. At the beginning trading they reached almost $ 1600 per troy ounce. Reached the maximum value and cost of palladium. The growth was driven by the statement of the Iranian authorities, who said that after the death of Suleimani, the country refuses from any uranium enrichment obligations. Besides, the market also reacted to Donald Trump's warning about that in the event of an attack by Iran of any American objects will be followed by a disproportionate response. Goldman Sachs draws the attention of market players to gold, stressing that amid rising tensions in the Middle In the East, it is preferred over oil, because it provides the best protection against geopolitical risks. According to the bank, precious metals will grow significantly in price. However, some experts believe that strong growth may stop when liquidity recovers after holidays.