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Gold prices surged to $4,125 amid escalating war tensions, directly benefiting MTS Gold as a gold trading business.
Gold prices, oil prices, and US government bond yields all rose together amid escalating war tensions. Gold surged to $4,125, an increase of more than $100, according to a report from the MTS GOLD page of Mae Thong Suk Gold Shop. The global gold market closed up $69.22, or 1.73%, at $4,077.33, while the current price is around $4,120. The SPDR gold fund bought 2.28 tonnes the previous day, bringing its current holdings to 1,005.87 tonnes. In July overall, it bought 0.79 tonnes, but since the start of the year it has sold a net 66.14 tonnes.
Gold prices surged to $4,125 amid escalating war tensions, directly benefiting MTS Gold as a gold trading business.