Gold Hits Six Year High – 24 June, 2019

In its highest close in six years, investors have been adding more money into gold, driving prices up passed $1,400 per ounce on signs that the U.S. Federal Reserve will be cutting interest rates in July. Sanctions against Iran and tensions between the U.S. and China have also caused more investors to move towards the precious metal.  August deliveries for gold futures are up 1.3% to $1,418.20.