Gold rises to near 7-year high on U.S.-Iran conflict; palladium breaches $2,000

By Asha Sistla (Reuters) - Gold surged close to a seven-year peak on Monday, as investors flocked to the safe-haven metal on escalating U.S.-Iran tensions, while palladium surpassed the level of $2,000 to hit a record high. Spot gold rose 1.4% to $1,572.59 per ounce by 0825 GMT.

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