Templates by BIGtheme NET
Home » Finance » Gold up on bullion fund buys
Gold up on bullion fund buys

Gold up on bullion fund buys

LONDON: Gold rose on Thursday as volatility in other markets stoked “safe haven” buying, including of bullion funds.

Spot gold was up 0.5 per cent at $1,234.41 an ounce by 1454 GMT, heading for a third straight day of gains.

“Gold has put in a very good performance and the fact that we are seeing higher lows and higher highs points to a bullish scenario,” MKS head of trading Afshin Nabavi said.

“Overall buying is safe-haven related … if we can stabilise around $1,250, a broader range of investors will come in,” he added.

Among other precious metals, silver eased 0.9pc to $15.08 an ounce, platinum dipped 1pc to $931.55 and palladium rose 0.2pc to $487.20.

Courtesy : Dawn News



Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Contact us
Please Like Facebook Fan Page
By Liking facebook Page you are Updated about Latest Videos & News