business

July 28, 2020

Gold price surges 4.29pc to all-time high on global uncertainty

KARACHI: Gold rallied 4.29 percent to a new high above Rs123,800 per tola and Rs106,138 per 10 grams in the local market on Monday, tracking global markets which saw investors rushed into the safe-haven commodity on concerns about heightened China-US tensions.The metal jumped to an all-time high, hitting $1,943/ounce in the global trade, as US-China relations soured, and global coronavirus cases continued rising fading the hopes of an early recovery, while commodity analysts expect that gold...