Gold Hits Three-Month High
6 Articles
6 Articles
The prices of future gold contracts closed high, exceeding US$ 4.6 thousand per ounce-troy, and recorded the third consecutive weekly gain, sustained by increasing demand for real assets in the face of fears about rising US public debt and financing costs. At Comex, New York Mercantile Exchange (Nymex) metal division, the gold with delivery scheduled for October closed high by 2.38%, to US$ 4.645.1 per ounce-troy. In the week, gold rose 5.50%. P…
Gold hits three-month high
Washington: Gold prices climbed on Friday to their highest level in over three months, heading for a third consecutive weekly gain.Spot gold rose to $4,617 per ounce until time of publishing, hitting its highest level since May 15. US gold futures gained 1.7% to settle at $4,647.The precious metal recorded a 5% weekly gain, having reached its highest daily level since early February on Wednesday.Among other precious metals, spot silver surged 2%…
The price of gold still rises and the spot quotations exceed the threshold of $4,600 per ounce. (ANSA)
Gold Hits Three-Month High Above $4,600 As Middle East Tensions Drive Safe-Haven Demand
BitcoinWorld Gold Hits Three-Month High Above $4,600 as Middle East Tensions Drive Safe-Haven Demand Gold prices surged to a three-month peak above $4,600 per ounce on [Date], driven by escalating Middle East risks that fueled safe-haven demand. The precious metal has climbed [X]% over the past [X] weeks, marking its strongest rally since [Month], as investors sought refuge from geopolitical uncertainty. What’s Driving the Rally? The latest sur…
The price of gold rose to over $4,587 per troy ounce (31.1 g) on Friday afternoon, but jumped above $4,600/ounce during the day, the highest value in more than three months. It is also heading for growth for the whole week, for the third time in a row. Reuters reported this. Spot...
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