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Spot price steady as gold used to fight cancer

Scientific research

Gold was little moved at the beginning of this week. Last night it rose 0.1% to $1,259.20, rising again this morning to $1,260.96. The dollar’s poor performance has continued ahead of US inflation data later this week.

Last week’s release of US employment data did little to effect the economic outlook as markets decided the Federal Reserve (the Fed) was unlikely to bring forward an interest rate raise off the back of it. “We think the jobs report was good enough for the Fed to move but the market remains sceptical that they’re going to get much of a rate increase this year,” Rob Haworth, senior investment strategist at U.S. Bank Wealth Management told Reuters.

In medicine gold is now being looked at as an aid in the fight against cancer. Scientists at Edinburgh university have been able to enhance the effectiveness of certain cancer fighting drugs by using gold nanoparticles. There is hope the use of gold could help doctors better target cancer, thereby reducing the side-effects of treatments such as chemotherapy

“We have discovered new properties of gold that were previously unknown and our findings suggest that the metal could be used to release drugs inside tumours very safely,” said Edinburgh University’s Dr Asier Unciti-Broceta.

“There is still work to do before we can use this on patients, but this study is a step forward. We hope that a similar device in humans could one day be implanted by surgeons to activate chemotherapy directly in tumours and reduce harmful effects to healthy organs.”

Photo credit: SolStock

 

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Posted by on Aug 8 2017. Filed under Gold News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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