Precious Metal

16/10/2017                           10:30 am

  • Gold prices started the week on an upbeat note on Monday, supported by safe-haven demand as conflict between Iraqi and Kurdish forces broke out near the oil-rich city of Kirkuk.
  • Comex gold futures inched up $3.50, or around 0.3%, to $1,308.08 a troy ounce by 3:30AM ET (0730GMT), its strongest level since Sept. 26.
  • Meanwhile, copper futures rallied 7.0 cents, or 2.3%, to their best level since Aug. 2014 at $3.205 a pound, boosted by robust economic data from China, the world's top user of the red metal.
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