WASHINGTON (dpa-AFX) - Gold prices climbed higher on Friday on safe-haven buying amid persisting worries about geopolitical tensions and continued uncertainty about global economic outlook, and
WASHINGTON - Gold prices climbed higher on Friday on safe-haven buying amid persisting worries about geopolitical tensions and continued uncertainty about global economic outlook, and the upcoming U.S. elections.
Silver futures for October closed up $1.459 or 4.6% at $33.032 an ounce, a 52-week closing high. Silver futures gained $1.5120 or 4.8% in the week.Geopolitical tensions intensified after Hamas leader Yahya Sinwar was killed during an operation by Israeli soldiers in the Palestinian enclave on Wednesday.
In U.S. economic news, data from the Commerce Department said housing starts fell by 0.5% to an annual rate of 1.354 million in September after spiking by 7.8% to a revised rate of 1.361 million in August. Economists had expected housing starts to dip by 0.4% to an annual rate of 1.350 million from the 1.356 million originally reported for the previous month.
Building permits, an indicator of future housing demand, were expected to slump by 1% to an annual rate of 1.460 million from the 1.475 million originally reported for the previous month.
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