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Gold Prices Rise Supported By Preference For Safe Havens

Dubai – (Massader News)

Gold prices rose on Friday and metal futures for December delivery rose by 0.4% to $ 1,300 an ounce, supported by investors’ preference for safe havens, according to a report published by Mubasher.

Gold prices were affected by reports that North Korea was heading for the “strongest test of a hydrogen bomb” in the Pacific, prompting investors to prefer safe havens.

The spot price of the precious metal delivery rose by 0.4% to $ 1296 per ounce, according to Mubasher.

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