Gold holds onto gains

Market news

5 February 2016

Gold holds onto gains

Gold is currently at $1,154.90 (-0.22%) after reaching the highest level since October. Uncertainties over the global economy support this safe-haven asset. Today market participants are waiting for U.S. payrolls data. A weaker-than-expected report could send gold price higher as it would mean that the Federal Reserve will delay its next interest-rate hike.

Holdings of SPDR Gold Trust, the largest gold-backed exchange-traded-fund, rose to 22.3 million ounces on Thursday, the highest level since October.

Oil prices little changed

Global Stocks: U.S. stock indices little changed

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