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Gold Bursts Above $1,300 as Slowdown Tremors Spur New Year Rally


Friday, 4 January 2019 16:10 WIB

GOLDEMAS


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Gold pierced the $1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows.

Futures spiked as much as 0.4 percent to $1,300.40 an ounce on the Comex, the highest price since June, and were at $1,296.50 at 6:36 a.m. in London. Spot prices were not far behind, hitting as much as $1,298.60. Silver also gained to the highest since July.

Source : Bloomberg


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