Already tense relations between the US and Iran hit a new low following a series of events which began two weeks ago with an attack on an American military outpost in northern Iraq, and culminated Friday morning with the US assassination of a top Iranian military commander on Iraqi soil.

Gold, palladium and other risk-averse assets hit major new highs in Monday morning trading on the Asian stock markets, as investors flocked to avoid the continuing fallout from the escalating conflict between Washington and Tehran. Oil, meanwhile, jumped amid fresh supply fears.



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