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Goldplat plc

Gold rate today jumps on US/China tensions

Gold and silver edged higher on Friday after Sino-US tensions over Hong Kong escalated further while India continued to report an increasing number of new cases forcing investors to seek safe havens.

China approved a decision to go forward with national security legislation for Hong Kong, which could erode the city’s freedom and jeopardise its role as a financial hub. India said it has recorded a total 1,65,799 cases while 4,706 people have died.

Gold futures were up 0.33% or Rs 152 at Rs 46,557 per 10 grams. Silver futures added 0.34% or Rs 167 to Rs 48,725 per kg.

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.