Gold Solidly Up, At 3.5-Month High On More Safe-Haven Demand

February 8, 2016

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(Kitco News) – Gold Solidly Up, At 3.5-Month High On More Safe-Haven Demand Gold prices Are solidly higher and hit another 3.5-month high in early U.S. dealings today. Prices are now closing in on $1,200 an ounce. There is some risk aversion in the marketplace Monday as most world stock markets were under selling pressure. Dropping crude oil prices are again being blamed for weakening equities prices. Nymex crude oil prices were trading just above $30.00 a barrel just before the U.S. day session began Monday. The U.S. dollar index and U.S. Treasuries were also seeing safe-haven buying interest Monday. U.S.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff

Category: Gold