You are here: Home » Reuters » News
Business Standard

Gold holds near four-month high as investors seek to hedge risks

Reuters  |  LONDON 

By Peter HobsonLONDON (Reuters) - Gold prices were near their highest in four months on Thursday as a dip in global stocks and recent gains in commodity prices encouraged investors to hold bullion as insurance against a stock market correction and rising inflation. Spot gold was up 0.2 percent at $1,319.38 an ounce at 1157 GMT after touching $1,326.56 on Wednesday, the highest since Sept. 15.U.S. gold futures were flat at $1,319.80 an ounce.Gold has rallied by more than $80 since a low in mid-December, helped by a weakening of the dollar that has made bullion cheaper for holders of other ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 18:11 IST
RECOMMENDED FOR YOU