5 May 2014
Gold gains for second straight day
FXStreet (Córdoba) - Gold futures are on the rise Monday as disappointing China's manufacturing PMI and escalating tensions in Ukraine sparked risk aversion, lifting the safe-haven metal.
Gold for June delivery was up $11, or 0.88%, to $1,314 an ounce, having hit a session high of $1,315/oz so far. The yellow metal is extending gains into a second day Monday, following 4 sessions of declines last week.
Silver shows a similar picture, with the grey metal trimming last week’s losses, having reached a 1-week high of $19.74/oz in recent dealings.
Gold for June delivery was up $11, or 0.88%, to $1,314 an ounce, having hit a session high of $1,315/oz so far. The yellow metal is extending gains into a second day Monday, following 4 sessions of declines last week.
Silver shows a similar picture, with the grey metal trimming last week’s losses, having reached a 1-week high of $19.74/oz in recent dealings.