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Gold hits 14-month high on growth woes, Middle East tensions


Friday, 14 June 2019 20:12 WIB

GOLDEMAS Spot EmasSILVER


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Gold hit its highest since April last year on Friday as intensifying political concerns in the Middle East and weak economic data from China and the United States pushed it above the $1,350 level.

Spot gold was up 1% to $1,355.00 per ounce, after hitting its highest since April last year at $1,358.04 earlier in the session.

Prices have risen 1.1% so far this week, keeping the metal on track for its fourth consecutive weekly gain. U.S. gold futures jumped 1.1% to $1,357.9 an ounce.

Meanwhile, silver gained 1.1% to $15.06, its highest in a week. Platinum rose 1% to $815.85. Palladium climbed 1% to $1,458.25 after hitting its highest since April 29 at $1,466.05 earlier in the session.

Source : Reuters


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