Media ININ Economy We Trust
Media In-Agencies 24-12-2018
Gold rose on Monday to close near a six-month high touched last week as investors continued to worry about the US’s political uncertainty and the global economic slowdown.
Spot gold rose 0.6 percent to $ 1263.11 an ounce by 7:17 GMT.
The yellow metal hit its highest level since early July at $ 1266.40 on Thursday.
Gold futures in the US futures contract rose 0.7 percent to $ 1266.4 an ounce.
The partial closure of the US government is almost certain to continue during the Christmas holiday after the Senate failed to break the deadlock over US President Donald Trump’s request for greater funding for a border wall.
Stocks have fallen due to signs of political instability in the United States at a time when the global economy is weakening, boosting demand for gold more.
