It is up about 40% this year as stricter air-quality rules increased the demand for the metal used in vehicle pollution-control devices. Another metal that has also stolen the spotlight this year is palladium, which traded near a record after topping $1,800 an ounce. ![]() In another development, the European Union on Monday agreed to a Brexit delay of up to three months.ĭespite the recent rangebound movement, gold prices are up about 20% so far this amid worries over global growth and easing monetary policy by central banks. The 15-month-old trade war between the world’s two biggest economies has hit financial markets. Optimism over US-China trade deal has kept gold prices in a range near $1,500 an ounce, say analysts. And in its wake while the global price of gold surged to 7-year high levels, in the domestic markets gold breached levels of Rs. Asian shares also today hit a three-month high. ![]() ![]() Last week, Washington said it was “close to finalising” some parts of a trade deal. The risk sentiment got a boost after US President Donald Trump on Monday in a statement said Washington was ahead of schedule to sign part of a trade deal with Beijing.
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