[ad_1]
© Reuters. Gold reaches its peak in over 6 years due to the demand for safe havens(Reuters) – It jumped more than 1%, giving up $ 1,550 on Monday, for the first time in more than six years, as investors rallied to protect their assets because of the lack of money. a growing trade dispute between the United States and China.
Spot gold rose 0.3% to $ 1,531.20 an ounce towards 1153 GMT, after reaching its highest level since April 2013 at $ 1554.56 earlier in the session.
The United States rose 0.1% to $ 1,538.90 an ounce.
"What happens because of trade tensions and the associated risk of a global slowdown, or even a global recession, is pushing investors to safe havens," said Carsten Minky, an analyst at Julius Baer.
Washington announced last week an additional 5% tariff on Chinese products at $ 550 billion, a few hours after Beijing released retaliation rights on US products worth $ 75 billion.
Among the other psychological metals, it jumped 1.2% to 17.61 dollars an ounce and had reached its highest level since September 2017 at 17.77 dollars.
Platinum rose 0.9% to 860.90 dollars an ounce and 1% to 1475.10 dollars an ounce.
(Prepared by Alaa Roshdy for the Arab Bulletin – Hala Kandil Edition)
Fusion Media or anyone involved in Fusion Media will not accept any liability for loss or damage arising from the use of the information, including data, quotes, graphics and buy / sell signals contained in this site Web. Please be fully aware of the risks and costs associated with financial market transactions. This is one of the most risky forms of investing possible.
[ad_2]
Source link
