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Gold Hits 2-Month High As Recession Worries Drive Safe-Haven Demand

June 3 (Reuters) – Gold costs rose on Monday to their greatest in more than 2 months, with investors looking for haven in safe-haven possessions as increased Sino-U.S. trade stress and Washingtons threat of tariffs on Mexico stired worries of a worldwide economic crisis.

Here is a post about gold costs strikes 2-month high. , if you desire to read the initial post you can find the link at the end of this post.

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BASICS

Area gold was up 0.5% at $1,311.15 per ounce at 0153 GMT, after touching its greatest given that March 28 at $1,311.44. U.S. gold futures rose 0.4% to $1,314.40 an ounce.U.S.

DATA AHEAD (GMT).

0750 France Markit Mfg PMI May0755 Germany Markit/BME Mfg PMI May0800 EU Markit Mfg Final PMI May0830 UK Markit/CIPS Mfg PMI May1400 US ISM Manufacturing PMI May (Reporting by Nallur Sethuraman in Bengaluru; Editing by Joseph Radford).

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