Golds Biggest Monthly Rise Since January 2012

Written by  Published by:Pakistan Views Wednesday, 02 March 2016 09:49

LONDON: Gold edged up on Tuesday, building on its biggest monthly gain in four years, as concerns over the global economy after downbeat data from China, the Euro­pean Union and the United States fuelled interest in the metal as a haven from risk.

Spot gold was up 0.1 per cent at $1,238.66 an ounce at 1442 GMT, while US gold futures for April delivery were up 0.4pc at $1,239.60. Silver was flat at $14.87 an ounce, while platinum was up 0.8pc at $936.26 an ounce and palladium was up 4.2pc at $511.02 an ounce.

Palladium is rallying after underperforming other precious metals last month, easing 1.2pc while gold climbed 10.7pc, its biggest monthly rise since January 2012.

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