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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now