Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Delivery

Ounce Gram
Gold £1460.42 £46.954
Silver £17.982 £0.5781

Updated 21:28 26/09/20

£ $

Gold advances as U.S inflation increases


Duncan Richardson, News Editor
17 Jan 2014, 12:33 p.m.

Gold advanced yesterday to a one month high of $1,255.30 per ounce as the latest government report showed U.S consumer price inflation rose at its fastest rate in six months. According to Phil Steible commodity broker at R.J. O’Brien, gold’s appeal as a safe haven asset and hedge against inflation is back. In 2013 gold lost 28% as inflation fears remained subdued.

View original source at: www.bloomberg.com

comments powered by Disqus