Media ININ Economy We Trust
Media In \ Agencies 26-12-2018
Gold prices jumped to a six-month high on Wednesday on concerns about global growth and a partial US government shutdown, boosting risk aversion and driving investors into precious metal as a safe haven.
, The price of gold rose in spot transactions by 0.4 percent to $ 1273.71 an ounce.
The metal rose to $ 1274.68 in early trading, the highest since June 20. US futures rose 0.5 percent to $ 1277.6 an ounce.
Investors are concerned about global economic growth and therefore accept safe assets such as gold, said Yuichi Icmizu, Tokyo branch manager at ICB Standard.
He added that the sharp sell-off in stock markets pushed the precious metal up as well. The spot price of silver rose 0.9 percent to $ 14.86 an ounce.
