Mubasher: Gold prices jumped on Tuesday to its highest level in nearly two week, with gains exceeding $15 on the back of rising concerns regarding the Italian government’s budget proposals.
The precious metal was able to restore the $1,200 level as demand surged due to more investors seeking a safe haven.
Gold futures for December delivery rose by 1.3% or $15.30 to settle at the level of $1,207 per ounce, the highest close since 19 September.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
