Gold price rises on an increasing demand for safe-haven assets

Market news

16 November 2015

Gold price rises on an increasing demand for safe-haven assets

Gold price rose on an increasing demand for safe-haven assets after Friday's terror attacks in Paris.

But gains were limited by speculation that the Fed will start raising its interest rates in December. Market participants will eye the incoming U.S. economic data. The strong U.S. economic data will weigh on gold price.

December futures for gold on the COMEX today increase to 1084.50 dollars per ounce.

Oil prices slide on concerns over the global oil oversupply

Bundesbank’s monthly report: there is no risk of a drop in the global economy

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