Gold smashes $1,900/oz barrier as Sino-U.S. row drives flight to safety – ZAWYA

SourceZawya
SectorFinancial Services
CountryMiddle east

Safe-haven gold pierced the $1,900 per ounce ceiling on friday for the first time since 2011 as a worsening u.s.-china row added to fears over the hit to a global economy already reeling from the coronavirus pandemic.spot gold climbed 0.7% to $1,899.68 per ounce by 2:00 p.m. edt (1800 gmt), after hitting $1,905.99, the highest since september 2011.prices were set to gain 5% for the week, their best since week ended march 27.spot gold climbed 0.7% to $1,899.68 per ounce by 2:00 p.m. edt (1800 gmt), after hitting $1,905.99, the highest since september 2011.safe-haven gold pierced the $1,900 per ounce ceiling on friday for the first time since 2011 as a worsening u.s.-china row added to fears over the hit to a global economy already reeling from the coronavirus pandemic.prices...read more...