NEW YORK (Reuters) – Gold futures rose sharply in US trade on Tuesday as investors looked for a safe haven as uncertainty surrounding the resumption of trade talks between the United States and China and political chaos over Britain's exit from the European Union.
Meanwhile, economic data released today showed that US manufacturing activity contracted for the first time in three years and countries retreated from high levels.
The dollar index fell against the other major currencies to 98.93 points today after rising at the beginning of trading to 99.37 points.
The price of gold rose today, the first day of the trading week by $ 26.50, or 1.7%, to $ 1555.90 an ounce for December delivery, the highest level since August 2013. Gold ended the trading last week on Friday, a decline of $ 7.50, or 0.5% to 1529.40 Dollars an ounce.
The price of silver rose by $ 0.895 to 19,237 dollars an ounce for December delivery, while the price of copper fell by 0.235 dollars to 2,580 dollars per pound.