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Gold blasts past $1,400 as US Fed rate cut signal wounds dollar, yields

Updated : June 21, 2019 10:23 AM IST

Tensions in the Middle East also boosted gold's rally, which has lifted the precious metal nearly $80 or 5 percent this week and almost 10 percent so far this year.
Spot gold was up 1.4 percent at $1,406.81 per ounce as of 0305 GMT, after earlier hitting its highest since September 4, 2013, at $1,410.78.
US gold futures rose 1 percent to $1,410.70 an ounce.
Gold blasts past $1,400 as US Fed rate cut signal wounds dollar, yields

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