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Gold edges higher as investors seek for safety

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - Gold prices edged higher on Tuesday, holding near 4-week highs scored the previous day, as demand for safe-haven assets continue to underpin the metal.

    Gold futures rose 0.2%, to trade at $1,077 an ounce, after the metal hit its level in more than a week Monday.

    A day earlier, the yellow metal reached a peak of $1,083 an ounce before settling 1.4% up at $1,075/oz, boosted by flight to safety flows amid tensions in the Middle East and a plunge in China’s stock market.
    For more information, read our latest forex news.
     

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