TeleTrade - Analytics

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    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.


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