Gold hits an all-time record high above US$3005

Escalating violence in the MIddle East:

• Israel-Hamas ceasefire has collapsed
• Reports an Iranian ship was sunk by US forces as Gaza attacks took place

Has contributed to another move higher for gold. It had already climbed past USD3000, Its since added to those to hit a high above USD3005.

This article was written by Eamonn Sheridan at www.forexlive.com.