US gold holds above $1,190/oz

Precious Metals

On Friday, U.S. gold futures rose toward $1,200 an ounce in very choppy trade as currency volatilities and economic uncertainties on fears that Greece’s debt crisis could spread elsewhere prompted the metal’s
investment appeal as a safe asset.

On Friday, U.S. gold futures rose toward $1,200 an ounce in very choppy trade as currency volatilities and economic uncertainties on fears that Greece’s debt crisis could spread elsewhere prompted the metal’s investment appeal as a safe asset.

The press release is quoted as saying:

Spot gold XAU= at $1,197.55, versus $1,207.25 late in New York’s previous session.

Click here to access the entire press release

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