Haven Buying, Weak Dollar Boost Gold - News Summed Up

Haven Buying, Weak Dollar Boost Gold


Gold prices rose to a six-month high on Tuesday, buoyed by rising haven demand, waning hopes of macroeconomic growth and a weaker dollar. Gold for August delivery settled up 1.2% at $1,297.50 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest close since Nov. 4. Meanwhile, copper reversed gains, closing down 0.4%...


Source: Wall Street Journal June 06, 2017 15:50 UTC



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