Gold surges to 6-year high as trade worries lift safe-haven bets

article author: 

Reuters

Tue, 2019-08-06 03:34

BENGALURU: Gold rose to a more than six-year high on Monday, gaining more than 1 percent, as an escalating trade conflict between the US and China sent investors scurrying for the safety of bullion.
Spot gold was up 1.5 percent at $1,462.40 per ounce as of 1301 GMT, after hitting its highest level since May 2013 at $1,464.60. US gold futures rose 1.2 percent to $1,474.30.

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Business & Economy

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Oil

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