Gold Price Today: Gold Hits One-week High

Jun. 10, 2015 10:34AM PST

The gold price gained 1.1 percent to reach $1,189.60 an ounce on Wednesday. The increase is the third in a row for the metal, and puts it at a one-week high. Meanwhile, COMEX gold futures for August delivery reached $1,189, an increase of 0.97 percent.

The gold price gained 1.1 percent to reach $1,189.60 an ounce on Wednesday, Reuters reported. The increase is the third in a row for the metal, and puts it at a one-week high. Meanwhile, COMEX gold futures for August delivery reached $1,189, an increase of 0.97 percent, as per Investing.com.

Gold was pushed upward by a soft US dollar and concerns surrounding the Greek debt crisis — the country’s reform proposals to establish new funding recently fell through. “Everyone is piling up their bets for the safe haven as we are moving closer and closer to no deal for Greece,” Naeem Aslam, chief analyst for AvaTrade, told Reuters.

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