Wednesday, June 22, 2022 – 6:37 PM
Capitals, June 22 / WAM / Gold prices rose globally during today’s trading, with the escalation of fears of an economic recession, which increased the demand for the yellow metal as a safe haven.
By the time /06:02 pm UAE time/, gold prices in spot transactions rose by 0.53% to $ 1842.53 an ounce, while gold futures contracts increased by 0.44% to $ 1846.5 an ounce.
On the level of other precious metals, silver fell 1.3% to $ 21.49 an ounce, platinum fell 1.34% to $ 926.8, and palladium fell 0.67% to $ 1850.28.
WAM/ Ramy Samih/ Zakaria Mohieldin
Tags: Emirates News Agency Gold rises economic recession fears escalate