Gold hits more than six-year high as investors run for shelter
President Donald Trump’s tweetstorm against China boosted bullion, analyst says
26 August 2019 - 08:01
Bengaluru — Gold prices scaled a fresh six-year high on Monday, as the latest tit-for-tat tariffs by the US and China in their year-long trade war battered global equities and boosted demand for safe-have assets.
Spot gold jumped 0.9% to $1,539.70 per ounce in early-morning trading, having earlier touched $1,554.56 an ounce, its highest since April 2013...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.