Gold prices are the biggest monthly rise in four years 3/2/2016
Gold prices are the biggest monthly rise in four years
3/2/2016 0 Comments
Gold rose during trading on Tuesday March 1, with the growing demand for buying the yellow metal as a safe haven, as a result of concerns about the global economy after weak data from China and the United States.
Rose Spot gold rose $ 7.76 to $ 1246.43 an ounce, as the precious metal rose in US futures contracts, by $ 6.9 1% to reach the level of $ 1241.30 an ounce.
The data showed today, a significant contraction of the industrial sector in China, surpassing expectations in February, suggesting the need for Beijing to adopt further stimulus to avoid economic slowdown largest procedures.
On the other hand, precious metals, silver settled at $ 14.88 an ounce, while platinum rose 0.7% to $ 936.24 an ounce, and palladium 2.6% to $ 502.96 an ounce.