Gold hits more-than-6-year high as geopolitical fears rise
Tuesday, 13 August 2019 20:19 WIB | PRECIOUS METALS |GOLDEMAS

The gold rally continued Tuesday, taking the precious metal to the latest in a string of more-than-six-year highs, as investors kept an eye on protests in Hong Kong, the fallout from Argentina™s weekend primary elections and stock rout, as well as worries over the economic outlook tied to the U.S.-China trade war.

Gold for December delivery on Comex was up $10.60, or 0.7%, at $1,527.80 an ounce after trading as high as $1,546.10 an ounce, according to FactSet, its highest since April 2013. Gold is up 6.5% in August, contributing to a 19.5% year-to-date rise, based on the most-active contract. September silver rose 26.9 cents, or 1.6%, to $17.34 an ounce.

In other metals trade, October platinum fell $2.10, or 0.2%, to $861.60 an ounce, while September palladium was down $9.30, or 0.6%, to $1,421.50 an ounce.

September copper was down 0.8 cent, or 0.3%, to $2.577 per million British thermal units.

Source: marketwatch

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