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Gold rises with Asian shares down
gold up with Asian stocks down with Asian shares falling gold as Asian stocks fall.
Akhbarna London Newspaper – Akhbarna Newspaper:
The price of gold rose as Asian stocks collapsed to reinforce the attractiveness of the metal as a safe haven because of worries about political tensions between the two. Saudi Arabia and the Western powers, the uncertainty regarding the British withdrawal from the EU and the Italian budget problems.
The spot price of gold rose 0.8% to $ 1231.40 an ounce and on October 15th, the metal hit its highest level since July 26, at $ 1233.26 .US gold futures rose 0.8% to 1234.50 dollars an ounce.
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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Source: L & # 39; harmony
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