• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Gold Up Slightly to $1,259.30 an Ounce as Investors Buy Bullion-Backed Funds

    Investing News Network
    Feb. 05, 2014 03:21AM PST
    Precious Metals

    Gold recovered slightly on Wednesday, rising 0.4 percent or $5.04 to $1,259.30 an ounce, according to Reuters

    Gold recovered slightly on Wednesday, rising 0.4 percent or $5.04 to $1,259.30 an ounce, according to Reuters. The heavy sell-off in stock markets has made the metal more appealing to investors, with the SPDR Gold Trust, a bullion-backed exchange-traded fund, reporting a significant inflow Tuesday.

    However, the rise in gold kept it in a narrow range nonetheless. U.S. jobs data will be released on Friday, and investors are hesitant to make significant moves before that time. Furthermore, Asian demand is nearly absent during the Lunar New Year holiday, which goes on until Friday and has depressed the price of gold.

    U.S. gold futures for February delivery were up $7.10 an ounce to $1,258.30.

    gold investing
    The Conversation (0)

    Go Deeper

    AI Powered

    Gold Price Edges Up to $1,192.14 per Ounce

    Gold Prices Drop on Increasing Dollar Strength

    Latest News

    Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

    FALCO ANNOUNCES CLOSING OF BOUGHT DEAL PRIVATE PLACEMENT

    Heliostar Presents Stronger Economics at the La Colorada Mine in Updated Technical Report

    Apollo Files NI 43-101 Technical Report for the Calico Silver Project Updated Mineral Resource Estimate

    Prince Silver Corp Announces Listing on the Frankfurt Stock Exchange Under the Symbol T130

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Precious Metals Stocks

    JZR Gold

    JZR:CA

    Blue Jay Gold

    Providence Gold Mines

    PHD:CC

    Walker Lane Resources

    WLR:CC

    Rua Gold

    RUA:CC

    Golconda Gold

    GG:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES