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Gold Near Six-Year High on Growing Global Anxiety


Tuesday, 13 August 2019 15:46 WIB

GOLDEMASSILVER


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Gold traded near the highest since 2013 and silver touched its highest in more than a year as investors sought havens amid an increasingly fraught backdrop of geopolitical tensions and fears for economic growth.

The rate on 30-year Treasury bonds approached an all-time low and a key part of the U.S. yield curve moved toward inversion, underscoring a general risk-off bias. Political unrest in Hong Kong and Argentina is adding to an already fragile mood across markets that’s prompted growing investor flows into gold.

Gold +0.3% at $1,515.77 an ounce at 6:12am in London, prices touched $1,520.04 on Monday, the highest since April 2013.

Silver rose as much as +1.8% to $17.3670, the highest intraday level since Feb. 2018.

Source : Bloomberg


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