Daily Market Updates: Gold settles at two-month high as investors pile into the rally

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Gold settles at two-month high as investors pile into the rally

Gold finished Wednesday at its strongest level in two months, according to MarketWatch.

Reported · Written up by our desk · Precious Metals

Gold prices closed Wednesday at a two-month high, lifting the yellow metal to its strongest level since the same period last seen, according to MarketWatch.

MarketWatch said investors who had been waiting for a clearer entry point over the summer are now stepping in as the rally gathers pace.

The outlet characterized the move as a chase of recent strength, with investors expressing hopes that gold could still have more room to run.

Latest closeGold $4,292.50 ▼0.6%

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Sources

MarketWatchInvestors are chasing the latest rally in gold as the yellow metal hits strongest level in 2 months

Commodities

Gold settles at two-month high as investors pile into the rally

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Sources

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