Gold held close to a four-month high on Monday as uncertainty in global markets pushed investors towards the safe-haven metal, with holdings in the top bullion fund recording their biggest jump in nearly five years.
A market rout
Gold has steadied on a modestly higher dollar but looked set to post its biggest weekly gain in 10 months as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the Swiss franc.
Gold rose more than two per cent to a four-month high on Thursday as European shares and the dollar turned lower after a shock move by Switzerland to abandon its three-year cap on the franc sent Europe's shares and bond yields tumbling.
Gold hit a 12-week high on Tuesday as investors sought refuge from turbulence in stock and currency markets after crude oil prices slid to a near six-year low.
The gold price peaked at $1,243.60, its highest since mid-October, bef
Dubai is set to explore its chances in the business-to-business (B2B) jewellery space, by offering its finely crafted collection to business clients in overseas markets, according to a report.
Its first step is in the hosting of V
Gold rose on Monday to its highest level in a month because of weakness in the dollar and a further decline in oil prices which sparked safe-haven bids for the precious metal.
The dollar dipped after an unexpected fall in US wages
Gold added to overnight losses on Thursday as strength in the dollar and equities plus robust US economic data reduced the metal's appeal as a hedge, triggering further outflows from the top bullion-backed fund.
Spot gold ease
Gold hit a three-week high on Tuesday as sliding oil prices knocked stock markets and concerns simmered over Greece's future in the euro zone, prompting investors to seek out bullion as a safe store of value.
European shares r
The Dubai Gold and Jewellery Group, in collaboration with Dubai Festivals and Retail Establishment (DFRE), has set a new Guinness World Record title for the world’s longest handmade gold chain.
The 5.522-km length gold chain
The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the US dollar, on expectations that the European Central Bank will soon embark on outright money-printing.