Middle East conflict lifts NSE gold prices to new high

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The price of gold exchange-traded funds at the Nairobi Securities Exchange (NSE) has jumped to a new historical high of Sh2,840. PHOTO | SHUTTERSTOCK

The price of gold exchange-traded funds at the Nairobi Securities Exchange (NSE) has jumped to a new historical high of Sh2,840 on the emergence of new geo-political tensions.

Absa New Gold ETF unit price rose from Sh2,530 on Thursday last week, mirroring the lift seen in the international gold prices market where the gold spot price has reached highs last seen at the start of the Russia-Ukraine war in early 2022.

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