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.

Rating: 5 Read 901 times

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Pakistan Views - National & International News Portal (Pakistan Views) stands as a website enlightening the masses with all information related to current affair, entertainment, sports, technology, etc. It has been brought into existence to ensure that voice of Pakistan reaches the masses. Ensuring that a true picture of Pakistan is portrayed in the right manner to the world. The website is to bring forth the real picture of Pakistan negating avenues of Terrorism and Non-State Actor.