1/15
Gold rose for an eighth session out of nine on Wednesday, climbing towards a 7-1/2-month high as investors sought the safe-haven asset amid tumbling stock markets and concerns about the global economy.
In This Pic : Gold rises to near 7 1/2-month high
Pic Courtesy : BCCL - Non Copyright
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2/15
Global equity markets have been hit by worries over the health of the euro zone banking sector, with a very loose monetary policy seen crimping bank profits and consequently their ability to repay debt.
In This Pic : Gold rises to near 7 1/2-month high
Pic Courtesy : BCCL - Non Copyright
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3/15
That has triggered a rally in bullion, along with other safe-haven assets such as government bonds and the Japanese yen.
In This Pic : Gold rises to near 7 1/2-month high
Pic Courtesy : BCCL
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4/15
Spot gold was up 0.2 percent to $1,190.71 an ounce by 0310 GMT, after hitting an earlier intraday high of $1,194.06. The metal climbed to $1,200.60 on Monday, the highest since June 22, 2015.
In This Pic : Gold rises to near 7 1/2-month high
Pic Courtesy : BCCL
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5/15
Gold will push higher on continued jitters in the global equity markets, dollar weakness, bullish technicals and a pick up in bullion investment buying, said INTL FCStone analyst Edward Meir.
In This Pic : Gold rises to near 7 1/2-month high
Pic Courtesy : BCCL
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