World Economy

Gold Inches Closer to $1,300

Gold Inches Closer to $1,300Gold Inches Closer to $1,300

Gold prices edged up and moved closer to the $1,300 level on Monday, boosted by a flight to perceived safer assets as the war of words between the US and North Korea returned to the fore, MarketWatch reported. Gold for December delivery added $1, or 0.1%, to $1,292.60 an ounce, erasing an 80-cent drop from Friday. The contract briefly jumped above $1,300 in Friday’s session after a terrorist attack in Barcelona, Spain, and concerns about President Donald Trump’s pro-business agenda helped spark a rush to haven assets. In other metals, copper for September rallied 1.2% to $2.97 a pound, while silver for the same month was marginally lower at $16.99 an ounce. September palladium  jumped 0.8% to $934.60 an ounce, while platinum for October added 0.2% to $984.10 an ounce.


Add new comment

Read our comment policy before posting your viewpoints