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KEFI Minerals Plc

Gold firms near 6-year high as trade tensions trigger safe-haven demand

Gold prices held firm near six-year highs on Tuesday as investors flocked to safety after the US designated Beijing a currency manipulator, escalating a protracted trade war between the world’s two biggest economies.

Spot gold was down 0.2 per cent at $1,460.19 per ounce as of 0734 GMT after hitting its highest level since May 2013, at $1,474.81, earlier in the session. US gold futures were down 0.3 per cent at $1,472.40 an ounce.

KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.