Gold Price Sees Modest Gains As US Stock Market Sell-Off Accelerates

October 10, 2018

New York (Oct 10)  Gold is seeing some mild safe-haven demand in afternoon U.S. trading Wednesday, as the U.S. stock market is seeing strong losses and is at its daily low. The Dow Jones Industrial Average is down around 500 points. The U.S. 10-year Treasury note yield hit a 10-year high today, to spook the stock market bulls. December gold was last up $3.10 an ounce at $1,194.80.

By 3:00pm EST spot gold was up $2 at $1,192, while spot silver slid 8 cents to $14.30. Moreover, both spot p;atinum and palladium were down $2 each.



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