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On Thursday, Gold steadied, with price-sensitive physical buying keeping the metal off the last session’s three-month lows, but a revival in appetite for assets seen as higher risk took the heat out of safe-haven demand.
On Thursday, Gold steadied, with price-sensitive physical buying keeping the metal off the last session’s three-month lows, but a revival in appetite for assets seen as higher risk took the heat out of safe-haven demand.
The press release is quoted as saying:
Spot gold was bid at $1,163.05 an ounce at 1406 GMT (10:06 a.m. EDT), against $1,162.55 late in New York on Wednesday, recovering from a three-month low of $1,156.90 reached that day. U.S. gold futures for August delivery rose $1.90 to $1,162.30.
