Gold rose early Monday as geopolitical tensions from the Middle East added to the yellow metal’s luster as a hedge against uncertainty.
A British-flagged oil tanker, the Stena Impero, was seized by the Iranian Revolutionary Guard on Friday in the Strait of Hormuz after the Iranian government said it was “violating international maritime rules.” Another tanker, the British-owned MV Mesdar, was also boarded by armed guards but released, the BBC reported. Continue reading →