| Gold rose as renewed losses in Asian equities spurred demand for less risky assets, with Citigroup Inc. saying bullion’s rationale as a haven was now back in vogue and prices may be supported over the first quarter. Bullion for immediate delivery advanced as much as 0.6 percent to $1,093.56 an ounce and was just shy of that level at 12:10 p.m. in Singapore, according to Bloomberg generic pricing. Spot silver also climbed.
The tumultuous start to the year has led investors to seek bullion, boosting prices 3 percent. Asian stocks fell to a three-year low on Wednesday after crude fell below $28 a barrel and the International Monetary Fund cut its world growth outlook amid the slump in most commodities...............................................Full Article: Source
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