Gold Prices Fall After Touching Record High: 10 Things To Know

Cornelia Mascio
Agosto 13, 2019

Sovereign gold, however, gained Rs 200 to Rs 28,800 per eight grams.

In the worldwide market, gold prices scaled to its highest price in over 6 years. The surge comes amid as concerns mount over Hong Kong protests and Argentine currency cash that piled on to the ongoing slowing down global economy fears.

Spot gold prices rose 0.3 per cent to $1,515.21 per ounce as of 0116 GMT. Even a slump in the Argentina's markets after the market-friendly President Mauricio Macri lost the Presidential primaries by a much wider-than-expected margin. Following Trump's decision to impose additional tariffs on China, gold prices have been climbing as investors seek resort in the safe-haven investment.

Gold prices on Tuesday fell from the record-high level it touched yesterday.

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