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Gold prices rise, fears of trade war

ByVictoria

“Gold is still benefiting from investors looking for safe-haven assets amid concerns of a tariffs and trade war,” UBS analyst Giovanni Staunovo said.

“We continue to see upside for gold, with the yellow metal expected to rise to $3,000, benefiting also from ongoing central bank demand.”

Spot silver rose 0.3% to $32.24 an ounce after hitting its highest level since October 31 on Friday.

Platinum gained 0.1% to $980.43, and palladium climbed 1.9% to $978.25.

Source – Reuters

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    Gold prices rallied above $3,100 per ounce for the first time on Monday, on course for its biggest quarterly gain in over 38 years, as global tariffs and geopolitical tensions push investors toward safe-haven bets.

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    Spot gold eased 0.2% to $2,893.87 per ounce as of 09:58 a.m. ET (1458 GMT). U.S. gold futures fell 0.4% to $2,920.60.

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    More info!

    CPI – Consumer Price Index

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