• News

    Hong Kong protests offer gold some support

    Precious metals prices continued lower early on Monday in Europe but at a slower pace than in recent weeks, with pro-Democracy protests in Hong Kong providing a boost to safe-haven buying. Violent clashes between protestors and the police were reported in Hong Kong over the weekend and this morning, with tear gas and water cannons being used to disperse huge crowds blocking access to the financial district. Having traded as low as $1,215.30 at one point this morning, spot gold managed to make back some of the losses and was last a modest 60 cents above Friday’s closing level at $1,219.40/1,220.20 per ounce. The pattern was repeated in silver, which…

olux