Gold hits record high as Iran shock triggers haven support

The price of gold hit a record high on Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment. Copper also struck an all-time peak and silver jumped to the highest level in more than 11 years — with markets generally gaining from a brighter economic outlook. Gold had already hit a series of record highs this year. Asian and European stock markets began the week higher, having recently struck all-time peaks along with indices on Wall Street, where the Dow ended above 40,000 points for the first time on Friday. All three Wall Street indices rose to strike new intraday highs.