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Gold hits more-than-6-year high as geopolitical fears rise


Tuesday, 13 August 2019 20:19 WIB

GOLDEMAS


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The gold rally continued Tuesday, taking the precious metal to the latest in a string of more-than-six-year highs, as investors kept an eye on protests in Hong Kong, the fallout from Argentina’s weekend primary elections and stock rout, as well as worries over the economic outlook tied to the U.S.-China trade war.

Gold for December delivery on Comex was up $10.60, or 0.7%, at $1,527.80 an ounce after trading as high as $1,546.10 an ounce, according to FactSet, its highest since April 2013. Gold is up 6.5% in August, contributing to a 19.5% year-to-date rise, based on the most-active contract. September silver rose 26.9 cents, or 1.6%, to $17.34 an ounce.

In other metals trade, October platinum fell $2.10, or 0.2%, to $861.60 an ounce, while September palladium was down $9.30, or 0.6%, to $1,421.50 an ounce.

September copper was down 0.8 cent, or 0.3%, to $2.577 per million British thermal units.

Source: marketwatch


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