Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011. Tuesday would mark gold’s eighth straight day of gains as investors sought safe havens in the face of instability in other financial markets,…
Gold rallied for an eighth straight day after topping $1,200 an ounce for the first time since June as increased concern about the state of the global economy hurt equity markets and boosted demand for a haven. Producers’ shares rallied. Bullion for immediate delivery rose as much as 0.5 percent to $1,195.66 and traded at…
Gold bugs are among the only smiling investors these days. Prices have jumped 6% this year to $1,127 an ounce. That makes gold the best performing commodity and one of the only major assets to post a sizable gain in 2016. By comparison, stocks have had a dismal start to the year: The Dowis down…
Gold futures on Monday register their highest settlement in about three months, as a slide in oil and the U.S. stock market highlighted continued demand for assets perceived as havens amid jitters about the global economy. April gold GCJ6, -0.08% gained $11.60, or 1%, to settle at $1,128 an ounce. The settlement was the highest…
As the ‘fear trade’ continues to push more investors towards gold, an interesting infographic began circulating the wire giving three reasons why it may be a good idea to hold some of the yellow metal in your portfolio this year. Investors have shown a renewed interest in gold since the beginning of the year as…
Gold rose to a 12-week high on Tuesday, shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. Spot gold was up 1.3 percent at $1,121.80 an ounce at 2:16 p.m. EST…
The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds and other large speculators more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at…
Gold hit a four-week high on Wednesday, extending gains for a third session, as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East. The metal is closing in on key chart levels, including the December high at $1,088.70. A sustained push above $1,088 would…
Gold rose on Tuesday as a wave of risk aversion due to growth worries in China and rising tensions in the Middle East triggered demand for the metal. Spot gold was up 0.6 percent at $1,080.43 an ounce by 1234 GMT. On Monday, the metal jumped as much as 2.2 percent to a four-week high…
Gold prices surged past 3 1/2-month highs Wednesday morning as investors further discounted the possibility of a rate increase by the U.S. Federal Reserve this year and the precious metal benefited from Chinese investors fleeing stock-market falls in Asia. Gold prices rose to $1,174.60 a troy ounce during European morning hours, the highest since June…
Gold rose to its highest level since early July on Monday as expectations that the Federal Reserve will postpone an expected U.S. interest rate hike beyond the end of the year pressured the dollar to three-week lows against a currency basket. The dollar index was down 0.1 percent on the day, stung by doubts that…
Gold prices jumped Friday after U.S. jobs data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year—adding up to a bullish backdrop for safe-haven assets such as precious metals. Gold prices were down nearly 1% earlier in Friday’s trading session but reversed losses after…
