Archive for June 2019
Gold jumps nearly 4% to settle near five-year high in reaction to Fed decision
Gold prices shot to their highest settlement since 2013 on Thursday, as investors flocked to the metal after the U.S. Federal Reserve left key interest rates unchanged but shifted away from its “patient” stance on monetary policy. “Central banks everywhere are preparing to cut rates and re-start [quantitative easing], opening up a new front in…
Read MoreGold Jumps to 14-Month High
Gold prices climbed Friday as mounting concerns about the health of China’s economy hit riskier commodities and tensions in the Middle East pushed investors into haven assets. Gold futures for August delivery, the most-actively traded U.S. contract, jumped 1.2% to $1,359.50 a troy ounce, the highest level since April 2018. The rise accelerated after the National Bureau…
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