Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening Sino-U.S. rift, fanning concerns of a fresh economic setback and drove traders towards the safe-haven metal.
Spot gold was up 0.6% at $1,736.31 per ounce, as of 1243 GMT. U.S. gold futures were flat at $1,751.30.
Reflecting investor sentiment, SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings, rose 0.3% to 1,123.14 tonnes on Friday.
Palladium inched up 0.1% to $1,947.01 per ounce, and silver rose 1.1% to $18.04, while platinum declined 0.7% to $830.81.
Via Reuters
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