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Gold Trades Six-Year High on Growing Global Anxiety
Tuesday, 13 August 2019 08:04 WIB | PRECIOUS METALS |GOLDEMAS

Gold traded near Monday's highest close since 2013 as investors sought havens amid an increasingly fraught backdrop of geopolitical tensions and fears for economic growth.

The rate on 30-year Treasury bonds approached an all-time low and a key part of the U.S. yield curve moved toward inversion, underscoring a general risk-off bias. Political unrest in Hong Kong and Argentina is adding to an already fragile mood across markets that's prompted growing investor flows into gold.

Gold flat at $1,510.97 an ounce at 8:42 am in Singapore, +6.9% this month.

Source : Bloomberg

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