Gold hits over six-month high on falling dollar


Gold prices have hit their highest levels in more than six months amid global economic slowdown and investors seeking a safe haven in the precious metal.

Gold prices have reached $1,288.86 an ounce – the highest since 15 June – this morning. It had last touched its highest on June 15 at $1,288.66.

US gold futures also rose 0.5 percent to $1,287.10.

Last year, stock markets had their worst year since the financial crisis. Global shares have started 2019 on a downbeat note amid concern of a global economic slowdown.

Meanwhile, silver fell 0.2 per cent to $15.41 while platinum fell 0.24 per cent to $789.60.