International Business News: Gold prices gained on Friday as fears of escalating conflict in the Middle East lifted the appeal of the safe-haven metal, despite stronger than expec
Gold Firms: Gold prices gained on Friday as fears of escalating conflict in the Middle East lifted the appeal of the safe-haven metal, despite stronger than expected US inflation data boosting the dollar and Treasury yields. Spot gold was up 0.5% at $2,038.19 per ounce at 0951 GMT, extending its run above the $2,000 level to nearly a month. US gold futures were up 1.2% to $2,042.90. A sudden widening of the war in Gaza is raising questions about how long stock markets can rally, and when central banks will cut rates.
The US has imposed sanctions on four firms and one individual connected to the Wagner Group, the Russian mercenaries that led a brief revolt against the Kremlin last week.
Bet Builder Tips: Our mega 51/1 punt for Celtic v Rangers Old Firm derby paddypower.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paddypower.com Daily Mail and Mail on Sunday newspapers.