Gold Prices Climb After Recent Market Sell-Off
Spot gold climbed more than 5.7% by 0755 GMT, rising to $4,926.4 per ounce after sharp declines recorded on Friday and Monday. The precious metal had slipped below the $4,500 mark a day earlier following an announcement by US President Donald Trump that former Federal Reserve governor Kevin Warsh would be his choice for the next chair of the central bank.
Silver also recovered strongly during the session, gaining 9.3% to trade at $86.6 per ounce, as stated by reports.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
