Gold Poised for Weekly Gain as Global Jitters Boost Haven Demand

Gold Prices Bullish

Gold is headed for a third weekly gain after turbulent equity markets sent investors hunting for haven assets amid global growth concerns. Futures breached $1,300 an ounce in New York and spot gold flirted with the level in early London trading, before dropping back as stocks in Europe and Asia recovered some of their losses ahead of fresh trade negotiations between the U.S. and China next week.

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Gold Poised for Weekly Gain as Global Jitters Boost Haven Demand via @goldsilverrepor