Gold: $1500
August 7th, 2019Via: MarketWatch:
Gold prices on Wednesday jumped above an important psychological level at $1,500 amid a round of easy-money policies that helped to stoke fresh appetite for the perceived safety of precious metals.
The 10-year U.S. Treasury note’s TMUBMUSD10Y, -4.93% fall to new lows not seen since 2016 below 1.7%, also helped to drive demand for bullion.
December gold GCZ19, +2.43% on Comex added $21.70, or 1.5%, at $1,506 an ounce in recent trade, marking the highest level for the precious metal since 2013 based on most-active contracts, according to Dow Jones market data.
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