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KEFI Minerals Plc

Gold gains as global trade worries lift safe-haven appetite

Gold prices touched a one-week high on Wednesday, driven by upbeat safe-haven sentiment as hopes of a quicker resolution of the U.S.-China trade dispute ebbed, while a potential trade feud with Europe deepened concerns over tepid economic growth.

Spot gold was up 0.5% at $1,425.64 per ounce, as of 0711 GMT. Earlier in the session, the bullion hit $1,435.99, a peak since June 25.

U.S. gold futures rose 1.5% to $1,429.30 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.