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Gold Rises 1.9% to $4,073 per Ounce
The safe-haven asset is moving higher in today’s trading session, supported by renewed momentum from central bank purchases. According to data from the World Gold Council (WGC), central banks recorded net gold purchases totaling 41 tonnes in recent months. Poland led the way, adding 18 tonnes to its gold reserves.
[Source: Ansa]
US manufacturing purchases decline: gold trading near session highs
The safe-haven asset has regained strength, hovering just below $4,100 per ounce. Manufacturing activity in the United States slowed in June, although it remained in expansion territory.
Gold prices remain above $4,030 per ounce: June closes lower
Gold is set to end the month of June in negative territory. Although prices remain above the key threshold of $4,000 per ounce (currently around $4,050), the precious metal is on track to record its steepest monthly decline since 2013. Rising energy costs, higher interest rates, and inflation concerns have been the main headwinds for gold, while the strength of the U.S. dollar has further weighed on the traditional safe-haven asset.
[Soruce: Borsa e Finanza]
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