09.02.2016 - Haven buying spurs gold to 8-month peak
Gold climbed to an eight-month high as a weaker dollar and lower oil prices spurred haven buying and inflows from exchange traded funds. The precious metal rallied to $1,198.70 a troy ounce, the highest level since June last year. Gold has risen 13 per cent since the start of the year, making it one of the top commodity performers so far in 2016. Brent, the international crude oil benchmark, is down 11 per cent, copper for three-month delivery on the London Metal Exchange is down 2 per cent, and CBOT corn is up 1.4 per cent year-to-date...............................................Full Article: Source
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