Gold rose to a three-month high yesterday on the back of increased geopolitical tensions and a weaker dollar, while platinum breached $1,500 a troy ounce for the first time since September.
The yellow metal reached $1,332.10 a troy ounce in morning trading, the highest level since March 24, before easing slightly to $1,330 an ounce by mid-afternoon. Since the start of June, the gold price has increased by 6.4 per cent.
The gains are partly explained by strong inflows into gold-backed exchange traded funds on Monday. ETF holdings increased by 229,000 ounces, the largest daily rise since May. Last year’s mass ETF investor sell-off helped cause gold to lose more than a quarter of its value, bringing a 12-year bull run to an end.
您已閱讀47%（733字），剩余53%（816字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。