Gold inches above $1,500 level as investors lose their appetite for risk
Gold is trying to rebound due to fears of slowdown in the global economy, says ActivTrades analyst Carlo Alberto De Casa
12 August 2019 - 14:20
Bengaluru — Gold edged up on Monday, to hold above the psychological $1,500 level, as investors’ demand for safe-haven bullion increased on the concern over slowing global economic growth as the trade war between Washington and Beijing drags on.
Spot gold was up 0.5% at $1,503.66/oz at 10.56am GMT, while US gold futures were also up 0.5% at $1,515.70/oz...
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