Breaking News

President hails India for Covid-19 medicines

President Mnangagwa yesterday thanked India for a gift of medicines worth US$100 000 to fight the Covid-19 ...

Get breaking news alerts.
Don't miss a thing.

Gold edges higher

10 Sep, 2019 - 00:09 0 Views
Gold edges higher

The Herald

Gold edged higher yesterday crawling away from a two-week low touched in the previous session, supported by hopes of monetary policy easing by major central banks.  Spot gold was up 0,2 percent at $1,509.01 per ounce.

The metal touched $1,502.50 on Friday, a level last seen on August 23. US gold futures were up 0,1 percent at $1,517.40 an ounce.

“Gold has been retreating because of risk appetite returning to the market, so the concerns (over US-China trade ties and global growth) seem to be subdued,” Commerzbank analyst Eugen Weinberg said. Reuters.

Share This:

Sponsored Links