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Metals: Gold hits a new high on Monday

21/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Ce lundi, l' or a atteint un nouveau sommet lundi, prolongeant sa hausse fulgurante dans un contexte uncertainty related to the American elections, tensions in the Middle East, and reductions in employment rates Loan by major central banks, while money reached its highest level in nearly 12 years

Spot gold was up 0.4% at $2,731.79 per ounce, at 0331 GMT, after reaching an all-time high of $2,732.73 earlier. U.S. gold futures were up 0.6% to $2,746.80. Spot silver rose 1.3% to $34.08 per ounce, its highest level since late 2012. Tim Waterer, chief market analyst at KCM Trade said that “the current market environment consists of interest rates moving south and increased geopolitical risks — a scenario that suits gold on both

fronts.”

Platinum rose 0.7% to $1,020.95 per ounce, its highest level since mid-July. Palladium rose 0.8% to $1,087.87

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