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Gold rises as Asian stocks fall and Al-Hawar newspaper raises political tensions Al Neta spreads on yourself The rise rises during the fall of Asian equities, Gold climbs due to the fall of Asian equities and the political tensions that reinforce it.
NEW YORK (Reuters) – Gold prices rose on Tuesday, as Asian stocks plummeted to bolster the metal's attractiveness to political tensions between Saudi Arabia and the Western powers. uncertainty over UK withdrawal from the EU and Italian budget problems.
At 07:43 GMT, the spot gold price was up 0.8% to 1231.40 dollars an ounce. On October 15, the metal reached its highest level since July 26 at $ 1233.26.
US gold futures rose 0.8% to 1234.50 dollars an ounce.
"Geopolitical tensions are on the rise, which has restored some safe haven purchases to the gold market," said Daniel Heinz, an analyst at ANZ. "The city centers are apparently also liquidated."
Palladium rose 1% to 1134.70 USD after peaking at 1135.80 USD higher in nine months earlier in the session.
The metal rose nearly 4% Monday as investors feared that new sanctions would affect Russia, the main producer of the metal, said ANZ analysts in a research note.
"The plans of the United States to withdraw from a nuclear weapons treaty with Russia could ultimately affect palladium sales at a time when the market is suffering from a serious shortage of supplies," he said. they declared.
Silver rose 0.5% to 14.68 dollars an ounce, while platinum rose 0.7% to 825.60 dollars an ounce.
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Al-Hawar Newspaper, gold rises as Asian stocks decline and political tensions persist, follow us on the social networking sites of our site to receive new information constantly.
Source: Awakening
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