Commodities: Another record for goldGold racked up another record high on Monday, topping $1,170 an ounce, on a weaker dollar and as Iran’s war games caused a flight to the relative safety of the yellow metal.The December contract closed $17.90 higher in New York at $1,164.70 an ounce, but had been as high as $1,174 earlier. It’s only fallen once this month. A slump in the value of the US currency increase gold’s attractiveness as it makes the metal cheaper to buy. The two assets tend to have an inverse relationship, with gold going the opposite way to the dollar. Meanwhile, Iran’s decision to start a five-day war game covering thousands of square miles increased jitters. Tehran says it wants to show it could repel an attack on its nuclear facilities by either Israel or the US. It also said it would launch a missile strike against Tel Aviv if It is attacked. |
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| Name | Price | 1 Day Change | 1 Day % Change | Units |
|---|---|---|---|---|
| Gold | $1,169.50 | +$29.50 | +2.59% | $/troy oz |
| Silver | $18.76 | -$0.02 | -0.11% | $/troy oz |
| Cattle | 141.75p | 0.000p | 0.00% | p/kg |
| Pigs | 140.59p | 0.000p | 0.00% | p/kg |
| Lamb | 157.97p | 0.000p | 0.00% | p/kg |
| Brent Crude | $78.78 | +$1.76 | +2.29% | $/barrel |
| Krugerrand | $1,210.10 | +$27.40 | +2.32% | $/troy oz |
| Palladium | $370.00 | +$10.00 | +2.78% | $/troy oz |
| Platinum | $1,464.00 | +$29.00 | +2.02% | $/troy oz |
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