Gold rates topped $one,500 a troy ounce for the initially time in six decades, extending a furious summer time rally driven by a fall in bond yields and investors’ flight from volatility in world wide marketplaces.

Gold for August shipping and delivery, the front-thirty day period futures deal, rose two.4% to $1,507.30 a troy ounce on the Comex division of the New York Mercantile Trade, its best amount due to the fact April 2013. Price ranges have risen more than 6% in the past 4 times and 15% given that the conclusion of May possibly.