Gold stays near six-year high on global political uncertainty
The dollar hit a more than two-year high against major currencies, making dollar-denominated gold costlier for investors holding other currencies
03 September 2019 - 16:00
Bengaluru — Gold prices held steady on Tuesday as uncertainties surrounding US-China trade relations and Britain's departure from the EU offset pressure from a stronger dollar.
Spot gold was down 0.1% at $1,529.40/oz at 11.45am GMT, but still not far off its more than six-year high of $1,554.56/oz. US gold futures were up 0.6% at $1,538.60...
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.