[ad_1]
Agencies
The price of gold has significantly exceeded the psychological threshold of $ 1,500, investors buying precious metals in the context of declining stock markets, fearing a slowdown in global economic growth and trade disputes between states United States and China.
Spot gold jumped more than 1% to $ 1,516.78 an ounce, hitting a new six-year high, before making gains comparable to 0.96% at 1,511.15 dollars at the end of the US session.
US gold futures were up 0.6% to settle at $ 1,517.20 an ounce.
Financial stocks pushed Wall Street down, as investors avoid risky bets and fearing that a persistent trade war between the US and China will drive the global economy into recession.
US President Donald Trump said last week that he was not ready for a trade deal with China and questioned the holding of a trade round between the two countries. September.
Trump had previously pledged to impose duties on additional Chinese goods worth $ 300 billion as of September 1.
Gold prices rose 4% last week, bringing their gains since the beginning of the year to around 17%.
Analysts said negative global bond yields were providing more support for precious metals, which did not sell but tended to benefit when yields on other badets were low.
Among the other precious metals, silver rose 0.7% to 17.05 dollars an ounce, while platinum fell 0.8% to 852.50 dollars an ounce .
Palladium rose 0.4% to $ 1,427.50 an ounce.
[ad_2]
Source link
