Gold jumps as traders favour safe-haven assets
Investors await clues on monetary easing from major central bank meetings due this week
Bengaluru — Gold prices jumped 1% on Monday as an attack on Saudi Arabia’s oil facilities dented risk appetite, boosting demand for the safe-haven bullion, while investors awaited clues on monetary easing from major central bank meetings due this week.
Spot gold was up 1% at $1,503.52 per ounce, as of 6.10am SA time. Prices had dipped 1.2% in the previous week on hopes that an end to the US-China trade tiff could be near.