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Gold tops U.S. $1400 per ounce

The spot price of gold has risen above U.S. $1400 per ounce for the first time in six years. The gold close on the New York market at 4 p.m. on Monday June 24 was $1418. (Kitco.com)

Analysts are saying that investors are seeking a save haven amid geo-political events such as the U.S.-Iran crisis.

Some analysts believed there was a cooling off period over the weekend but other believe the Mid-East situation is only going to get worse.

Adding fuel to the fire is the current trade conflict involving the U.S. And China. President Donald Trump will be meeting Chinese leader Xi Jinping at the G20 summit at the end of the week and there is speculation that this could result in further uncertainty.

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