Gold Climbs as Safe Haven
Gold ended higher yesterday, as prices rallied after news that the US economy shrank in the fourth quarter buoyed the metal’s appeal as a safe haven. Gold is trading this morning in the Asian session at 1680.55 giving back a bit of yesterday’s gains. Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, declined to 1,328.09 tons, as on Jan 30. Continue Reading...
By FX Empire Analyst - Barry Norman
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