10/23/2018, 10:46 AM (Source: TeleTrader)
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Gold rallies to highest in more than two months

The selloff in stock markets on Tuesday, widely attributed to geopolitical risks but also the concerns about the stability of China's economy, sent investors toward conventional safe havens. Sovereign bonds of European countries and the United States jumped, while silver led the way in relative terms among precious metals. Still, gold's advance resulted in the highest valuation since August 17, at $1,236.26 per ounce. Earlier, spot palladium hit $1,137.95, the strongest mark since the all-time high, registered on January 15.

The yellow metal was up 1.1% at 10:44 am CET amid the turbulence in equities, selling for $1,235.5 per one troy ounce. Silver jumped 1.27% to $14.75, compared to the session high of $14.77, unseen since October 16. Platinum gained 0.74% to $828.86 and palladium was 0.81% in the green at $1,134.17 per ounce.

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