Gold Holds Biggest Monthly Climb Since 2012 Amid Growth Concern

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Gold Holds Biggest Monthly Climb Since 2012 Amid Growth Concern

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PT. Equityworld Futures – Gold held the biggest monthly gain in three years as data from China and the U.S. that missed estimates added to signs the global economy is faltering, supporting demand for haven assets.

Bullion for immediate delivery traded at $1,281.18 an ounce at 9:50 a.m. in Singapore from $1,283.79 on Jan. 30, when prices completed an 8.4 percent monthly advance for the best start to a year since 2012, according to Bloomberg generic pricing. The metal climbed on Jan. 22 to a five-month high of $1,307.62.

Gold posted the first back-to-back monthly advance in January in a year as assets in exchange-traded products jumped 4.1 percent, the most since July 2011. Data this week may show employers in the U.S. continued to add workers in January, while manufacturing probably moderated. Greek Prime Minister Alexis Tsipras, in office for about a week, is seeking a new deal with the government™s creditors amid concern that failure to reach an agreement may spur the country to quit the euro.

Sumber : ewfpro.com

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