Wednesday, 19 February 2020
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Gold Continues Rally, Pushing Further Past $1,400
Monday, 24 June 2019 18:59 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from the Federal Reserve and other central banks.

August gold rose $12.60, or 0.9%, to $1,412.60 an ounce, nearing session highs of $1,414.80 an ounce. On Friday, gold settled above $1,400 an ounce for the first time since Sept. 3, 2013, according to FactSet. The contract rose 0.2% to finish at $1,400.10 an ounce, and gained 4.1% for the week.

Gold™s gains last week came after a Fed meeting in which the central bank held rates steady but spoke of œuncertainties over the U.S. economic outlook. The European Central Bank and Bank of England also made dovish comments during the week. Precious metals like gold tend to attract buyers in a low interest-rate climate.

Source : Marketwatch

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