Gold breaks $1,300 on safe haven demand
Friday,
18-Aug-2017
04:31 PM (IST)
Political uncertainty and terrorist attacks in Spain drove investors into safe haven assets on Friday.Gold broke through the $1,300 level on Friday, hitting an intraday high of $1,303.09, its highest level since results of the U.S. presidential elections were announced last November.Gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $8.37, or around 0.6%, to trade at $1,300.77.
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