TeleTrade - Analytics

TeleTrade

518.25 6.75/10
57% of positive reviews
Real

15.01.2016 06:22 Gold edged up

Gold climbed to $1,080.60 ( 0.62%) but stabilizing U.S. stocks kept a lid on gains. Rising stock prices encourage investors to go for higher yield and abandon the non-interest-paying precious metal. Expectations of further rate increases by the Federal Reserve this year are also a bearish factor for gold.

Assets of SPDR Gold Trust, world's biggest gold-backed exchange-traded fund, rose by 2.4 tonnes on Wednesday, raising the total inflow for the year to 11.7 tonnes.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree