Baku 18° C
Gold prices hit their highest since September 20
Finance
- 18 October, 2023
- 10:32
Add Report.az to preferred Google sources
Stay up to date with the top news!
Gold prices rose to a 30-day high on Wednesday. The Gaza hospital explosion has sparked fears of an escalating conflict in the Middle East and increased demand for safe-haven assets, Report informs.
Spot gold prices jumped by 0.7% to $1,935.63 per ounce. Earlier in the session, quotes reached their highest since September 20. Gold futures rose 0.7% to $1,948.40 an ounce.
Gold prices were supported by rising geopolitical risk premiums on fears of prolonged conflict, said Kelvin Wong, senior market analyst at OANDA.
Author
Latest News
23:52
Georgian PM says opposition alliance had no prospects
Region
23:47
Photo
Azerbaijan's Victory Day celebrated in Ankara
Foreign policy
23:29
Photo
Video
Sites of Memory of Western Azerbaijan: Traces of Azerbaijani Heritage in Saral Village
Domestic policy
23:06
Eight killed, three injured in four-vehicle crash in Armenia
Region
22:39
Reuters: US billionaire leads securities swap plan to buy Lukoil's overseas assets
Other countries
22:18
Kobakhidze says Georgia seeks European integration with dignity
Region
22:07
Greenland parliament ratifies US security agreement
Other countries
21:34
Baku's private house prices rise 13.2% in October
Infrastructure
21:11
Azerbaijan, Latvia hold consular consultations in Riga
Foreign policy