Dubai – Mubasher: Gold prices rose in Monday’s early trade to record high amid expectations that global stock markets would decline after Paris deadly attacks.
Gold rose 1.32% or more than $14.30 to reach $1,095.10 per ounce; thus nearing its highest levels in ten days.
Analysts earlier said global equities may slip on Monday due to fears about more slowdown in global economy after the terror attacks that hit the French capital.
The multiple attacks in Paris killed more than 130 people, for which Islamic State claimed responsibility.
Some global markets fell today by more than 1%, as Japan’s Nikkei shed 1.04%, while China’s Hang Seng lost 1.5% and Asia Dow Jones and Singapore Index dropped by 1.14% and 1.01%, I na row.
Meanwhile, China’s Shanghai bucked the downtrend, rising 0.73%.
