Gold contracts retreat after their peak in 6 years



[ad_1]

Gold futures dropped on Thursday after a sharp rise on Wednesday, but lingering trade tensions continue to dampen further price cuts.

Investors continued their exit from high risk funds to safe havens, including gold, and a gradual return to equity markets.

Financial markets rallied Wednesday after a sharp decline since the start of the week.

At around 6:30 am GMT, gold futures for December delivery were down 0.42 percent, or $ 6.6, to $ 1,513.5 billion an ounce.

The price of gold was recorded at the close of trading Wednesday and early trading on Thursday, the highest level since September 2013

[ad_2]
Source link