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Crude and gold extend gains, stocks sink on fear of US-Iran war

Oil prices surged, gold hit a more than six-year high and most equities tumbled on January 6, 2020 after the US assassination on January 3 of a top Iranian general fanned fears of a major conflict in the Middle East. FILE PHOTO | NMG

By  AFP

Oil prices surged, gold hit a more than six-year high and most equities tumbled Monday after the US assassination last week of a top Iranian general fanned fears of a major conflict in the Middle East.

Donald Trump warned of a "major retaliation" against Tehran after it threatened revenge for the killing Friday of commander Qasem Soleimani, which shocked world markets and sparked a sell-off in stocks and a spike in crude.

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