Gold Hits 1-Week Peak; Global Trade Woes. - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 3 July 2019

Gold Hits 1-Week Peak; Global Trade Woes.

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Gold prices climbed over 1 percent to hit a one-week high on Wednesday, helped by a subdued dollar as renewed concerns over global trade encouraged safe-haven demand and drove down US yields. Spot gold rose 1.1 percent at $1,433.50 per ounce. Prices earlier touched $1,435.99, the highest since June 25. US gold futures were up 2.1 percent at $1,437.7 an ounce. The dollar index, which measures the currency against a basket of six rivals, was down 0.1 percent. India's gold imports rose 12.6 percent in June from a year earlier to $2.69 billion amid a jump in global prices to six-year highs, a government source said on Tuesday.

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