Gold hovers above $2000 mark as Middle East war boosts safety rush
Mon, Oct 30, 2023 10:32 AM

Gold hovers above $2000 mark as Middle East war boosts safety rush

A Flip by Avya Verma
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Gold prices hovered near the key $2,000 level on Monday with tensions in the Middle East driving demand for the safe-haven metal. U.S. consumer spending and inflation were up in September, while a Reuters poll found three-quarters of economists expecting higher than forecast inflation next year. COMEX speculators added nearly 50K contracts to their net long position.

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