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Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves


Tuesday, 17 September 2019 01:34 WIB

GOLDEMAS


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Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil values skyrocketing and investors turning to haven assets, including bonds and precious metals.

December gold on Comex gained $12, or 0.8%, to settle at $1,511.50 an ounce, after registering on Friday a weekly decline of 1.1%. The settlement was the highest for a most-active contract since Sept. 6, FactSet data show.

Silver for December delivery added 45.7 cents, or 2.6%, to settle at $18.026 an ounce, following a weekly loss of 3%, according to FactSet data.

Source : Marketwatch


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