Safe-haven gold hits a six-year high on geopolitical tensions
Protests in Hong Kong, the protracted US-China trade war and the rout of Argentina’s peso has spooked investors
13 August 2019 - 14:53
Bengaluru — Gold hit a more than six-year high on Tuesday as unrest in Hong Kong and a rout in the Argentine peso drove investors already spooked by the US-China trade war into havens such as bullion at the expense of riskier assets such as stocks.
Spot gold was up 1% at $1,525.99 an ounce as of 11.23am GMT, off a day high of $1,534.31 — its highest level since April 2013. US gold futures were up 1.3% to $1,537 an ounce...
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