Price of gold remains near $1700 an ounce as global growth concerns support
timberlan08The price of an ounce of gold remains locked near $1700 as concerns over the global growth outlook supported demand for the metal as a store of value, but losses in the broader financial markets kept a lid on gains for gold futures.
Latest Gold Price
As of 09:43 GMT gold was at $1704.00 an ounce.
Resilience above $ 1,700 an ounce, a level gold repeatedly tested last week, has reassured buyers who had feared a deeper correction after it fell to a more than six-week low at $ 1,698.39 on Oct. 24, analysts said.
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Price of gold remains near $1700 an ounce as global growth concerns support
