Markets > Commodities

Gold futures rise for 10th straight session

Xinhua News,CHICAGO
2020-01-08 04:54

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CHICAGO, Jan. 7 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange closed higher for the 10th straight session on Tuesday, as concerns about geopolitical tensions in the Middle East boosted safe haven buying for the precious metal.

The most active gold contract for February delivery rose 5.5 U.S. dollars, or 0.35 percent, to settle at 1,574.3 dollars per ounce.

The settlement price marked the highest level since April 2013.

Gold and other haven assets extended gains after the killing of a top Iranian general by the United States last week, which upended appetite for assets considered risky and boosted traditional haven assets like gold.

As for other precious metals, March silver added 21.4 cents, or 1.18 percent, to close at 18.393 dollars per ounce. The April platinum went up 5.4 dollars, or 0.56 percent, to settle at 971.6 dollars per ounce.
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