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Stock impact report

Gold rises 1% as Middle East conflict spurs safe-haven demand [CNBC]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: CNBC
Christoph Burgstedt/science Photo Library | Science Photo Library | Getty Images Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, as investors sought safe-haven bullion on heightened uncertainty over a widening Middle East conflict. Spot gold was up 1% at $5,128.39 per ounce, as of 0506 GMT. The metal has lost roughly 3% so far this week, set to snap a four-week winning streak, as fading rate-cut prospects and higher energy prices stoked inflation concerns. U.S. gold futures for April delivery were up 1.2% at $5,137.50. The dollar weakened, making greenback-priced bullion less expensive for holders of other currencies. “Geopolitical risks are still not subsiding. In fact, there could be a risk of escalation, given the fact that the recent interview by Iranian foreign minister stating that the Iranian forces are ready for a ground invasion by the U.S. or even Israel. So that's actually supporting gold price,” said Kelvin Wong, a senior Show less Read more
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