Gold climbed to the highest level in more than seven years. Gold traded on the Comex in New York is up by 17 percent this year, less than 10 percent below the record set in 2011. Futures climbed by 1.1 percent to US$1,779.90 an ounce on the Comex, the highest since October 2012, and traded at US$1,778.50 at 10:00 a.m. in Singapore. Spot gold was more than US$50 cheaper at US$1,725.03 an ounce, with the wide spread a feature of trading in recent weeks.

Source: The Standard April 14, 2020 02:48 UTC