Gold climbs to six-month peak on global growth concerns, govt shutdown in US; silver, platinum rise too
6 years ago

Gold climbs to six-month peak on global growth concerns, govt shutdown in US; silver, platinum rise too

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Spot gold climbed 0.3 percent to $1,271.85 per ounce. Bengaluru: Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal. Investors are uneasy about global economical growth and are seeking gold as a safe-haven, said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank, adding the sharp sell-off in stock markets has also lent support. Among other metals, silver rose 0.5 percent to $14.80 per ounce, while platinum rose 0.3 percent to $784.50.

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