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Gold jumps to more than 3-month peak as stocks extend losses

From marketwatch.com

Gold futures rallied on Monday, rising to their highest level since late February as investors fled to the perceived safety of havens like precious metals amid persistent tariff tensions between the U.S. and its global trade partners. Gold for August delivery on Comex GCM19, +0.62% gained $11.30, or 0.9%, to $1,322.40 an ounce, after rising 1.5% on Friday. The climb put the contract on track to post its highest settlement since Feb. 26, when the most-active finished at $1,328.50, according to FactSet data. Last week, the most-active contract rose 2.1% for the week, and up 2% for the month, after three-consecutive ... (full story)

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  • Category: Fundamental Analysis