Gold above $1,500 for first time since 2013

A key level last breached six years ago, as investors sought shelter from the fallout of a raging US-China trade war.

The price of gold on Wednesday (August 7) briefly rose above $1,500 per ounce, a key level last breached six years ago, as investors sought shelter from the fallout of a raging US-China trade war.
At about 1335GMT, gold jumped to $1,500.25 per ounce, the highest point since April 2013 and 1.7 per cent higher than late Tuesday.
The gold prices in UAE are Dh 5,464.63 for an ounce, Dh180.25 for 24K, Dh169.25 for 22K, Dh161.50 for 21K and Dh138.50 for 18K.

• Gold and Forex