10.02.2015 - Gold rebounds amid demand for haven assets
Gold rebounded as Greek Prime Minister Alexis Tsipras reaffirmed his government’s rejection of the country’s bailout programme and concern increased that Ukraine’s conflict may worsen, spurring demand for haven assets. Bullion for immediate delivery added as much as 0.4 percent to $1,239.31 an ounce and was at $1,238.34 at 2.11pm in Singapore, according to Bloomberg generic pricing. Prices fell to $1,228.48 on February 6, the lowest level since January 15, after data showed the US added more jobs than forecast in January, boosting expectations that the Federal Reserve will move toward the first interest-rate increase since 2006...............................................Full Article: Source
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