https://sputnikglobe.com/20231020/gold-tops-2000-per-ounce-on-comex-amid-middle-east-crisis-1114364824.html
Gold Tops $2,000 Per Ounce on Comex Amid Middle East Crisis
Gold Tops $2,000 Per Ounce on Comex Amid Middle East Crisis
Sputnik International
Gold prices rallied 1% on the US metals exchange Comex on Friday to exceed the psychological mark of $2,000 per troy ounce as hostilities continued to heat up in the Middle East.
2023-10-20T16:50+0000
2023-10-20T16:50+0000
2023-10-20T17:07+0000
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Two hours into the opening of the New York metals exchange, the price of traders’ safe-haven commodity with the contract for delivery in December grew $21.4 to $2,001.9 per ounce, while silver futures added 3.11% to trade at $23.747 per ounce. Gold prices have grown nearly 3% since the start of the week as Israel intensified attacks on the Gaza Strip. Cross-border fighting has also continued between Israel and Lebanon’s Hezbollah. US Federal Reserve Chair Jerome Powell spoke on Thursday about high inflation risks and tightening financial conditions that would likely affect the central bank’s monetary policy. The market took it as a hint of more interest rate hikes yet to come.
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Gold Tops $2,000 Per Ounce on Comex Amid Middle East Crisis
16:50 GMT 20.10.2023 (Updated: 17:07 GMT 20.10.2023) MOSCOW (Sputnik) - Gold prices rallied 1% on the US metals exchange Comex on Friday to exceed the psychological mark of $2,000 per troy ounce as hostilities continued to heat up in the Middle East.
