Gold climbs up as concerns of a likely global growth slowdown hover
MG News | December 21, 2018 at 10:20 AM GMT+05:00
0:00
December 21, 2018 (MLN): Gold prices showed a sudden growth of around more than 1 percent, mainly by virtue of a weakening dollar as well as influx of safe-haven bids driven by crumbling stocks after Fed's monetary policy stance paved way for concerns about global growth crisis.
Spot gold scaled up by 1.3 percent to $1,259.76 per ounce by 04:15 am. U.S. gold futures settled at $1,267.90 per ounce, up $11.50.
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