Gold prices rose to a more than seven-year high on Tuesday on rising fears of a steeper economic downturn and amid massive liquidity measures by global central banks. Spot gold gained 0.6% to $1,724.72 per ounce by 0804 GMT, having touched its highest since Nov. 2012 at $1,726.85 earlier in the session. U.S. gold futures rose 0.6% to $1,772.20. “Gold as a safe-haven has gained traction as currencies are being devalued by massive stimulus programs. Silver gained 0.6% to $15.54 and platinum was up 2.5% at $766.70.

Source: The Hindu April 14, 2020 17:36 UTC