On the rise: A goldsmith arranges gold wristbands at his shop in Baghdad. The metal advanced as much as 1.3% to US$1, 503.30 an ounce on the Comex, the highest since 2013. — Reuters
SINGAPORE: Gold futures rallied above US$1, 500 an ounce on sustained demand for the traditional haven as the US-China trade war festers, global growth slows and central banks around the world ease monetary policy.
The metal advanced as much as 1.3% to US$1, 503.30 an ounce on the Comex, the highest since 2013. The move extends this year’s climb to 17%, with gains underpinned by inflows into exchange-traded funds.
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