Gold headed towards $1,200 an ounce on Wednesday, holding onto overnight gains, as worries about Greece's future in the euro zone triggered a sell-off in equities and an increase in safe-haven bids for the metal. Bullion was on track to end the year largely steady after a turbulent 2013, when prices ended the year nearly a third lower, their first decline in 13 years.
Spot gold was steady at $1,199 an ounce by 0740 GMT. On Tuesday, the metal climbed to $1,209.90, its highest in nearly two weeks, before paring some gains to close up 1.5 percent.
Comments
Comments are closed.