Gold Marks Highest Finish Since 2013 as Recession Risk Lifts The Metal's Haven Appeal
Thursday, 15 August 2019 01:24 WIB |
PRECIOUS METALS |GOLDEMAS
Gold futures logged their highest finish since 2013 on Wednesday after another round of downbeat economic data, and as the temporary inversion of the main measure of the U.S. Treasury yield curve raised the risk of a recession.
Gold for December delivery on Comex rose $13.70, or 0.9%, to settle at $1,527.80 an ounce after losing 0.2% on Tuesday. The settlement was the highest for a most-active contract since April 11, 2013, according to FactSet data. September silver added 29.5 cents, or 1.7%, to $17.28 an ounce.
Gold œremains shielded by various core market themes, said Lukman Otunuga, senior research analyst at FXTM, in a daily note. œFor as long as geopolitical tensions, Brexit uncertainty, global growth concerns and central banks easing monetary policy remain key themes, gold bulls are in control.
Source : Marketwatch