Gold advances as Middle East war stokes demand for safer assets

Gold pushed higher, as the war in the Middle East entered a sixth day with no sign of resolution, spurring demand for safer assets.Bullion rose as much as 1.1 percent to near $5,200 an ounce, before paring some gains as the dollar reversed earlier losses. US and Israeli forces continued to bomb Iran, and the Islamic Republic fired missiles into several countries in the Gulf region, attacking critical energy infrastructure and effectively blocking the strategic Strait of Hormuz.For all the latest headlines, follow our Google News channel online or via the app.President Donald Trump expressed confidence in the American military campaign and the US sank an Iranian warship off Sri Lanka’s coast. Iran vowed revenge for that attack and earlier dismissed as “pure falsehood” a report that its Ministry of Intelligence had reached out to Washington to negotiate an end to the conflict.As the war drags on and energy prices spike, global trade could face another shock as Washington prepares to