5 Jan 2016
Gold edges higher as investors seek for safety
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.
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.