The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Gold rose 0.5 percent or $6.62 to $1,323.80 an ounce on Tuesday, according to Reuters.
Gold rose 0.5 percent or $6.62 to $1,323.80 an ounce on Tuesday, according to Reuters. The metal hit a peak of $1,325.70 during the trading day, representing a two-month high. Investors are drawn to gold as a safe haven as tensions in Iraq are escalating and the US Federal Reserve is not committed to raising interest rates. These factors have sent equities and the dollar spiraling.
“There are still willing buyers today as there are shorts left, and risk aversion sees fresh inflows,” VTB Capital analyst Andrey Kryuchenkov told Reuters. “The greenback is slightly weaker today, while European equities are extending losses from yesterday. Low volumes and technical trading will prevail this week since there is little else aside from Iraq to drive the market, with hardly any physical flows at the moment.”
US gold futures for August delivery rose $6.60 to trade at $1,325 an ounce.
Latest News
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.