Gold futures climbed a fourth session in a row on Monday to settle at their highest since late February, as risk-off sentiment boosted demand for haven gold.
"Gold is looking good here--responding to the rise in economic wars via tariffs to the global economic slowdown," said Peter Spina, president and chief executive officer of GoldSeek.com. "There are good reasons to believe the breakout in gold is developing as we speak and by the end of this year we will see it explode towards $1,400-$1,500," he said.
August gold rose $16.80, or 1.3%, to settle at $1,327.90 an ounce on Comex. That was highest finish for a most-active contract since Feb. 26, according to FactSet data.
Source : Marketwatch