Gold hits a six-month high as concerns of economic slowdown continue to linger

December 26, 2018 (MLN): Gold prices climbed to a six-month high on Wednesday as concerns over global growth slowdown fueled risk aversion, pressurizing investors to seek refuge in the precious metal.

Spot gold scaled 0.3 percent to $1,271.85 per ounce as at 0429 GMT. It hit $1272.56 in early trade, its highest since June 20. ON the other hand, U.S. gold futures were up 0.3 percent at $1,275.8 per ounce.

Posted on: 2018-12-26T10:14:00+05:00