TeleTrade - Analytics

    TeleTrade

    726.50 6.50/10
    57% of positive reviews
    Real

    07.01.2016 06:25 Gold advanced on safe-haven demand

    Gold rose to $1,099.00 ( 0.65%) as demand for this safe-haven asset rose amid plunging stocks. Chinese stocks dropped more than 7% triggering automatic stop mechanism for the second time this week after People's Bank of China today lowered the yuan against the U.S. dollar.

    Some analysts say that investors are going to be concerned about emerging-market currencies and currencies of countries exposed to shocks from China's economy boosting demand for gold, the yen and the U.S. dollar.


    To leave a comment you must or Join us


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