Precious metals jump; gold highest since August 3

Markets 10/11/2018, 5:15 PM
Precious metals jump; gold highest since August 3

Precious metals recorded sharp gains on Thursday as the selloff in shares continued driven by expectations of higher interest rates. Gold reached its highest point since August 3, while palladium climbed to the level last seen in January.

Gold spiked 2.07% at 5:09 pm CET to sell for $1,219.58 per ounce, adding to a modest gain of 1.56% in the last month. In six months the value of the yellow metal fell 10.04%. Silver added 1.81% at the same time to change hands for $14.56 per ounce, narrowing down the weekly loss to 0.34%. In the last month, silver was up 2.83%, despite plunging 14.22% year-to-date.

Platinum rose by 1.33% at 5:12 pm CET to sell for $833.24 per ounce. Palladium surged 2.49% at the same time, selling for $1,094.40.

Breaking the News / NI

Share:

Palladium US ...-0.53%

1,079.91
Chart for: Palladium US Dollars per Ounce Spot Price

Platinum US D...-0.11%

841.37
Chart for: Platinum US Dollars per Ounce Spot Price

Silver US Dol...-0.26%

14.66
Chart for: Silver US Dollars per Ounce Spot Price

Gold US Dolla...-0.22%

1,224.27
Chart for: Gold US Dollars per Ounce Spot Prices