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Goldplat plc

Gold prices back toward $1,500

Gold prices on Wednesday climbed modestly higher after private-sector employment showed that the pace of hiring in the U.S. is slowing, reviving worries about a recession in the U.S. economy and spurring the purchase of assets perceived as havens.

Gold for December delivery GCZ19, +1.32% on Comex gained $9.40, or 0.6%, to reach $1,498.40 an ounce, after advancing 1.1% on Tuesday. The advance puts the yellow metal closer to a psychologically significant level at $1,500. Meanwhile, December silver SIZ19, +2.27%  picked up 11 cents, or 0.7%, to $17.415 an ounce.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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