On Tuesday Gold prices were near last session's 60 day high while risk-averse traders tried to stay focused while the metal stresses about rising political tensions and economic uncertainty kick in.
Yesterday Gold reached the $ 1,233.20, which it is the highest level since July, while global stocks slipped on growing tensions between Saudi Arabia and Western governments. Spot gold was little changed at $1,226.11 an ounce while on Tuesday Asian stocks increased prices modestly, getting a substantial start after a week of heavy losses. U.S. gold futures were flat at $1,229.90 an ounce.
Oil prices going up, demand is rising
Daily Analysis - 16/10/2018