Gold hits 14-month high

Published June 15, 2019

LONDON: Gold hit its highest since April last year on Friday as political tensions in the Middle East and weak economic data from China and the United States pushed it above $1,350.

Spot gold was up 0.7 per cent at $1,351.16 per ounce at 1247 GMT, after hitting its highest since April 2018 at $1,358.04 earlier in the session.

Prices have risen 0.8pc so far this week, keeping the metal on track for its fourth consecutive weekly gain. US gold futures climbed 1pc to $1,356.9 an ounce.

Silver gained 1pc to $15.04, while platinum was up 0.2pc at $808.95. Palladium rose 0.8pc to $1,455.80 after hitting its highest since April 29 at $1,466.05 earlier in the session.

Published in Dawn, June 15th, 2019

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.