Gold holds near six-year high on economic gloom

28/08/2019 Reuters

 

Gold prices held steady on Wednesday, trading close to a more than six-year high on fears of an economic slowdown amid a protracted Sino-US trade conflict, boosting appetite for the safe-haven metal.

 

Spot gold was steady at $1,542.90 per ounce, as of 0100 GMT.

 

Gold prices jumped 1 percent on Tuesday, and traded close to Monday's high of $1,554.56, last reached in April 2013.

 

US gold futures inched up 0.1 percent to $1,553.30 an ounce.    

 

Spot silver touched a high of $18.29 an ounce, its highest since April 2017. 

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