Gold Rallies Amid Safe-Haven Buying, Dollar Weakness - News Summed Up

Gold Rallies Amid Safe-Haven Buying, Dollar Weakness


Gold prices climbed Thursday, boosted by a bout of safe-haven buying as stocks and oil fell and a weaker dollar. Front-month gold for May delivery rose 0.9% to $$1,284.80 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices are roughly flat for the year and 4.4% below their February 10-month peaks, hurt by renewed confidence in the U.S. economy and relative stability in stocks and riskier assets.


Source: Wall Street Journal May 23, 2019 13:50 UTC



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