Gold prices kicked off the week higher in London as the precious metal continued to recover from its multi-month lows reached last month, says Dow Jones.
Spot gold was up 0.3% at $1,176.20 a troy ounce. Other precious metals also rose.
Investors are regaining a taste for the metal, which is traditionally seen as a haven asset, amid uncertainties linked to Chinese economic growth and the start of Donald Trump's presidency in the U.S.
Following a losing streak that lasted roughly seven weeks at the end of last year, gold exchange-traded funds have started seeing inflows last week, according to Commerzbank analysts.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.