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Gold Skids From 1-Month Peak As Investors Struggle With War Worries

Published by: dailynews
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Gold prices slid on Monday after hitting a near one-month high earlier, as escalating fears of the conflict between Israel and Palestinian militant group Hamas boosted safe-haven bullion more than 3% higher in the last session.

Spot gold fell 0.5% to $1,921.69 per ounce by 0102 GMT and U.S. gold futures dropped 0.4% to $1,934.40.

Gold, which is seen as a safe investment during uncertain times, hit its highest since Sept. 20 at $1,934.82 earlier in the session, after surging 3.4% on Friday in its biggest one-day rise in seven months.

Read the full story on Reuters here.