Gold Rises on Growing Geopolitical Concerns

Industry

London, Gold prices rose on Tuesday, not too far away from a record high hit last week, as rising geopolitical tensions propped up demand for the safe-haven metal. Spot gold was up 0.2% at $2,387.11 per ounce, after hitting an all-time high of $2,431.29 on Friday. US gold futures rose 0.9% at $2,403.90. Spot silver fell 0.3% to $28.80 per ounce, platinum rose 0.4% at $966.49, and palladium lost 1% to $1,025.43. Source: Qatar News Agency