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Gold Rose To A 9-Year High On Rising Tensions Between The US And China

Gold Rose To A 9-Year High On Rising Tensions Between The US And China

Gold for Wednesday's trading rose to its highest since August 2011 amid growing tensions between Washington and Beijing. The price of gold futures for August delivery rose 1.2% on Comex to $1,865. 1 per ounce.

The historical record for the closing price was recorded on August 22, 2011 - $1891.9 per ounce, according to Dow Jones Market Data. The intraday record was reached on September 6, 2011 - $1923.7 per ounce.

Silver, at the end of trading on Wednesday, rose to a seven-year high, writes MarketWatch. Quotes for September silver futures on the new York Mercantile exchange (NYMEX) jumped by 7.4% - to the highest since September 2013 of $23,144 per ounce.

US authorities on Wednesday ordered the closure of the Chinese Consulate in Houston (Texas). Beijing has threatened to respond to these actions by the American side. President Donald Trump has admitted that he may close any other Chinese diplomatic missions.