Gold is up as US tariffs on EU goods depress global outlook
Platinum, silver and palladium also gain slightly, with one analyst talking of ‘an inevitable flight into recession’ as eurozone business growth stalls
03 October 2019 - 15:38
Bengaluru — Gold prices rose on Thursday, having gained more than 1% in the previous session after the US announced tariffs on European goods, creating more uncertainty for the global economic outlook.
Spot gold rose 0.4% to $1,504.70 an ounce, as of 11.39am GMT, while US gold futures were up 0.2% at $1,510.70 an ounce...
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.