Gold surges on safe haven demand
Geopolitical tensions and hopes of fewer rate hikes by the Fed are stoking prices
The support at $1,250 per ounce had limited the downside in gold last week. The global spot prices reversed sharply higher from the low of $1,251.6 per ounce to close the week at $1,289.30 per ounce, up 2.4 per cent for the week. The global spot silver prices surged 5.2 per cent and closed at $17.11 per ounce.This is thanks to the increasing geopolitical tensions between the US and North Korea. Th...
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