Gold rose 0.8 percent to $1,333.70 an ounce on Monday, after hitting a four-month high in trade earlier in the day, according to Reuters.
Gold rose 0.8 percent or $10.67 to $1,333.70 an ounce on Monday, after hitting a four-month high in trade earlier in the day, according to Reuters. As the dollar weakened and the U.S. economic recovery and China’s growth both showed signs of slowing, investors found the metal an appealing alternative to equities and currency.
“Fears about economic conditions in China and the U.S. are driving investors back into gold,” Quantitative Commodity Research owner Peter Fertig told Reuters. “We would have to wait for data for the month of March to get a clearer picture about the state of the U.S. economy… in the meantime gold should see some consolidation… the next pivot technical resistance stands at (the) Oct. 28 high of $1,361.”
U.S. gold futures for April delivery rose $10.20 an ounce to $1,333.90.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1761.91 | +5.58 | |
Silver | 19.91 | +0.05 | |
Copper | 3.50 | -0.02 | |
Palladium | 2061.50 | +7.50 | |
Platinum | 893.50 | +1.50 | |
Oil | 93.56 | -0.86 | |
Heating Oil | 3.43 | +0.05 | |
Natural Gas | 7.83 | +0.13 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Precious Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.