mo4ch:>Gold hits 6-month high as Apple wreaks havoc in global markets | Mo4ch News

Gold has reached a more than six-month peak rising above $1,300 as investors rushed to seek refuge in the metals after iPhone maker downgraded its revenue forecast and amid fears of a global economic slowdown.The precious metal futures climbed in a second straight session on Thursday after US stocks saw the worst start of the year in more than a decade. Gold hit $1,300.40 an ounce on the Comex division of the New York Mercantile Exchange – the highest price since June 2018. It slightly rolled back ending the day at around $1,294.80 and remaining at the same level as of Friday opening.“Obviously, the concerning news from Apple sales in China has created an additional wave of equity market selling, and that in turn has continued to pump money towards gold,” analysts at Zaner Precious Metals wrote as cited by Market Watch. Apart from gold, most precious metals advanced on Thursday, except for platinum, which was down 0.6 percent trading below $800. March silver closed up 1% on Thursday s…