Gold rises to highest level in 3 weeks

LONDON (Reuters) – Gold rose to its highest level in three weeks on Tuesday as stock markets affected by the fall in oil prices and growing concern about the future of Greece in the euro zone, which prompted investors to rush to buy the yellow metal.

Continued sell-off in European stocks after landing on Monday with energy stocks fell in light of falling oil prices to their lowest level in five and a half years.

And pay landing investors to buy low-risk assets such as US and German government bonds and the yen and gold, offsetting the negative impact of the rise of the dollar.

And contributed to the political uncertainty in Greece renewed fears of exit from the euro zone with the approaching elections in the country on 25 January.

He added gold in the spot market 0.4 percent to $ 1208.30 an ounce (an ounce) by 1244 GMT, having touched earlier to $ 1214.40, the highest level since Dec. 16. Gold rose 1.3 percent on Monday.

And stepped Gold futures in the United States delivered February of $ 4.40 to $ 1208.40 an ounce. The price of gold denominated in euros to its highest level since September 2013 at 1019.15 euros an ounce, benefiting from the euro 0.3 percent decline against the dollar.

Silver rose 0.1 percent to $ 16.15 an ounce, while platinum rose 0.5 percent to $ 1211.25 an ounce and palladium rose 0.8 percent to $ 795.90 an ounce

Add a Comment