Gold climbed for a second session on Wednesday to its highest in 5-1/2 months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal. Weakness in equities and base metals, along with technical buying, propelled gold prices through resistance at $1,355 an ounce, traders said. Spot gold had gained 0.7 percent to $1,358.10 an ounce by 0710 GMT, after earlier hitting $1,362.24 - its highest since September 20. The metal gained 0.8 percent on Tuesday. US gold futures rose over 1 percent to their 5-1/2 month high of $1,364.10.
Comments
Comments are closed.