403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Gold climbs on inflation concerns
(MENAFN) On Monday, Oct. 25 as inflation concerns remain, gold futures on the COMEX division of the New York Mercantile Exchange climbed.
The most active gold contract for delivery of December surged USD10.5, or 0.58 percent, to settle at USD1,806.8 an ounce.
It is highest settlement of gold in almost six weeks.
Market analysts hold that soaring inflation projections are beating the increase in benchmark interest rates, which are as low as they have been since the start of the pandemic, supportive of gold.
The most active gold contract for delivery of December surged USD10.5, or 0.58 percent, to settle at USD1,806.8 an ounce.
It is highest settlement of gold in almost six weeks.
Market analysts hold that soaring inflation projections are beating the increase in benchmark interest rates, which are as low as they have been since the start of the pandemic, supportive of gold.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment