Silver closes at 13-month high as gold ekes out a gain

Tuesday, 23 July 2019 02:19 WIB



Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain.

Rising geopolitical worries on the back of Iran's seizure of a British-flagged tanker, as investors look for major central banks to ease policy, provided support for the precious metals.

September silver rose 21.6 cents, or 1.3%, to settle at $16.411 an ounce — logging the highest finish for a most-active contract since June 22, 2018, according to FactSet data.

Meanwhile, gold for August delivery on Comex climbed by 20 cents, or less than 0.1%, to settle at $1,426.90 an ounce. Prices on Friday had touched an intraday high above $1,450, the highest such level since May 2013, before settling down by 0.1% on Friday. They remain close to the more than six-year high of $1,428.10 they settled at on Thursday.

Source : MarketWatch


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