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Gold Prices Up as U.S.- Iran Conflict Fuels Safe-Haven Demand, Trades Above $1,400

Gold costs ascended on Monday in Asia and exchanged over the key $1,400 level in the midst of escalating clashes between the U.S. what's more, Iran.

Gold fates for August conveyance, exchanged on the Comex division of the New York Mercantile Exchange, were up 0.5% at $1,406.55per ounce by 12:38 AM ET (04:38 GMT).

Costs of the yellow metal picked up today as struggle in the Middle East achieved new statures. Before the end of last week, Iran shot down an American reconnaissance automaton and blamed the U.S. of invasion and spying over Iranian airspace, while the Pentagon said that the air ship was in global airspace when it was focused on.