Gold closes near 6-year high on global recession concerns

2019-08-14 19:39:59 GMT (Economies.com)
Gold closes near 6-year high on global recession concerns

Gold rose today, to close again near its 6-year high, on investor' risk aversion to shelter from global stock markets' sharp losses.

 

US stock market fell sharply today on mounting concerns in markets over US economy recession after the two-year and 10-year bond yield curve inversion.

 

Donald Trump said that the US Fed is late to cut interest rates to face the slowing growth, and blamed Wall Street losses on the central bank.

 

By 18:06 GMT, dollar index rose against a basket of currencies by 0.1% to 97.9 points, with a high of 98 and a low of 97.6.

 

Gold futures (December delivery) rose by 0.9% to $1527.8 an ounce, with a high of $1534.9 and a low of $1504.5.

 
 
 
  Symbol Last Change Chg.%
1.1091
-0.0102
0.9113%
1.2147
0.0087
0.7243%
17.104
0.128
0.753%
54.800
0.550
1.014%
58.65
0.42
0.72%
1512.265
14.840
0.991%
 
 
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