World Economy
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Gold Keeps Shining

Gold Keeps ShiningGold Keeps Shining

Gold traded near a 15-month peak on Monday as a tumble in the dollar and weakness in global equities pushed up the metal to near $1,300 an ounce. Spot gold was little changed at $1,292.27 an ounce after climbing to $1,296.11 on Friday, the highest level since January 2015, Reuters reported. US gold futures rose 0.3% to $1,294.50. They hit a 15-month top of $1,299 in the previous session before paring some gains. “With the majority of Asia out today and London on holiday, we are expecting a range-bound session. However as gold trades towards $1,300, days of thin liquidity can throw up surprises,” said MKS Group trader Sam Laughlin.

 

Financialtribune.com