Gold inches higher on tension in the Middle East
Geopolitical escalation in Strait of Hormuz drives investors towards the safe-haven metal
24 July 2019 - 08:39
Bengaluru — Gold prices rose on Wednesday, moving away from a one-week low touched in the previous session, as escalating tensions in the Middle East drove investors towards the safe-haven metal, while a stronger dollar limited the metal’s gain.
Spot gold was up 0.3% at $1,420.65 an ounce as of 3.53am GMT, after hitting its lowest since July 17 at $1,413.80 in the previous session...
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