Insignia Consultants | Gold rises 1% on US dollar weakness, safe-haven demand
Gold rises 1% on US dollar weakness, safe-haven demand
3 weeks ago
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Sept 15 (Reuters) - Gold jumped 1% on Friday, helped by a weaker dollar and safe-haven buying after United Auto Workers union kicked of strikes at three automakers in Detroit, while hopes around a likely pause in U.S. interest-rate hikes lent further support.
Spot gold was up 0.9% at $1,927.79 per ounce by 10:35 a.m. EDT (1435 GMT). Bullion has risen 0.6% so far this week.
