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Gold Jumps Toward 14-Month High as Investors Bet on Dovish Central Banks


Tuesday, 18 June 2019 19:49 WIB

GOLDEMAS


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Gold prices on Tuesday jumped to the highest levels in more than a year as comments made in Portugal by European Central Bank President Mario Draghi ahead of a meeting of the Federal Reserve is seen as setting the stage for lower interest rates.

August gold jumped $10.70, or 0.8%, to $1,353.60 an ounce, which would mark the highest settlement for the most-active contract since April 11, 2018 when it closed at $1,360 an ounce, if prices hold, according to FactSet data.

Meanwhile, July silver gained 14 cents, or 1%, at $14.975 an ounce.

Source : Market Watch


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