| The precious metal has long acted as a safe store of value during periods of heightened global uncertainty. That role faded somewhat this year as investors have focused on the timing of the next U.S. interest rate rise, a trend that kept a tight lid on Monday’s rally. The most actively traded gold futures contract, for December delivery, gained $2.70 to $1,083.60 a troy ounce on the Comex division of the New York Mercantile Exchange.
It did touch a one-week intraday high overnight, but spent most of the session slowly retreating from there. “Obviously, the tragic events in Paris are looming large in the market this morning,” said Jonathan Butler, a precious metals strategist at Mitsubishi Corp. “We saw something of a safe-haven bid, as one often sees in these times.”..............................................Full Article: Source
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