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GOLD NEWS UPDATED BY ROYAL TRADERS

Live News Update

Gold Prices Gain as Recession Fear Sparks Safe-Haven Demand

Gold prices gained on Monday in Asia as recession fear sparked safe-haven demand.

Gold Futures traded up 0.3% at $1322.05 on the Comex division of the New York Mercantile Exchange by 1:25 AM ET (05:25 GMT). The precious metal last week posted its third consecutive weekly gain and rose 1%, the most since early February.

On Friday, the spread between 3-month Treasury bills and 10-year note yields inverted for the first time since 2007 after U.S. manufacturing data missed estimates. This inversion of the yield curve is widely seen as a leading indicator of recession.

The news sent global stocks lower, with Japan’s Nikkei 225 plunging more than 3% on Monday while Hong Kong’s Hang Seng Index also slid close to 2%.

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Symbol          LTP           High           Low           Open GOLD         34900.00        35000.00         34916.00   35000.00 SILVER         40870.00        41005.00        40851.00   41005.00 CRUDEOIL 3895.00         3895.00         3885.00         3885.00 COPPER         453.90         455.80         454.50         455.80 NICKEL         992.60          996.00         989.90         989.90 LEAD         153.75         154.10         153.40         154.00 ZINC         190.85         191.40         191.10         191.40 ALUMINIUM 141.45         141.60         141.35         141.50 NATURALGAS 159.50         160.20         159.50         159.50 FOR MORE UPDATES : C/W 9917008829, 6395643415 www.spidersignals.com (India's First AI Based Calls)