Gold Rises to $1,287.40 per Ounce

Gold rose 0.8 percent to $1,287.40 per ounce today, according to Reuters. Investors were uncertain about what the stimulus program the European Central Bank is set to introduce Thursday will look like, and so are seeking safe-haven assets like gold.

“Nervousness ahead of the Greek election and the ECB’s next meeting suggests that any investors who are long gold are likely to hold onto those positions, at least until there is a little more clarity on the likely fate of the euro,” Mitsui Precious Metals analyst David Jollie told Reuters.

U.S. gold futures for February delivery rose $10.50 to $1,287.40.