Bullion reversed early losses and rose to its highest in four months on Wednesday as data raised questions about the strength of the US economy, burnishing gold's safe-haven appeal. Investors have poured back into the metal on worries about economic conditions in the United States and also China, which is now dealing with unprecedented growth in corporate debt. Gold was up 0.22 percent at $1,343.10 an ounce as of 0700 GMT after touching $1,345.35, its highest since late October. It had earlier hit an intraday low of $1,337.04.
Comments
Comments are closed.