Base, precious metals all up

GOLD rose back to its highest level since 2013 on the back of trade and geopolitical tensions.
Base, precious metals all up Base, precious metals all up Base, precious metals all up Base, precious metals all up Base, precious metals all up

Staff Reporter

A lack of progress in the US-China trade stoush and an escalation of protests in Hong Kong saw US stocks fall over 1.2% and supported gold.
 
Gold futures rose to almost $1522 an ounce on Tuesday after peaking at $1521.50/oz . Spot gold was at $1510/oz.
 
ABM Amro said that it remained positive on gold in the longer-term but expected a short-term correction. Its year-end forecast is $1400/oz, but its end of 2020 forecast has jumped by $100/oz to $1600/oz.
 
Silver rose back through $17/oz. In base metals, zinc was up 2% to $2269.25 per tonne, while nickel gained 1.1% to $15,680/t.

 

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