PRESS ROOM
Gold surges past $1500/oz again
Friday 01st November '19
Gold ended last week higher and went past $1500/oz again as economic data from both US and China came out soft fuelling demand for the haven asset. Uncertainty surrounding Brexit and geopolitical risks in the Middle East continue to keep gold relevant and in favour from investors. This week, markets are expecting the US Fed to cut rates again. This monetary policy accommodation is further supportive of gold prices.