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Gold price hits three-month high amid fears over Iran war and Trump economy

Bitcoin rises above $80,000 for the first time since May amid uncertainty over US fiscal plans

Gold prices hit their highest level in more than three months on Tuesday as continued conflict in the Middle East and ongoing political uncertainty fuelled the latest rally in the precious metal.

Gold is viewed as a safe haven by investors and its price tends to rise at times of uncertainty.

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© Photograph: Denis Balibouse/Reuters

© Photograph: Denis Balibouse/Reuters

© Photograph: Denis Balibouse/Reuters

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Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman

Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrender

Oil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.

Iran said on Monday that it would take a more aggressive stance if talks with the US failed, while Donald Trump demanded Tehran “put up the white flag of surrender” in an interview with Fox News.

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© Photograph: Majid Saeedi/Getty Images

© Photograph: Majid Saeedi/Getty Images

© Photograph: Majid Saeedi/Getty Images

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