Gold prices nudged a bit higher Tuesday, moving away from 6-year lows amid renewed safe haven appetite.
Turkey has downed a Russia jet it claims was violating its airspace near Syria. Russian strongman Vladimir Putin said Turkey is now “accomplices to terrorists.”
Speculation the Federal Reserve will raise interest rates capped gold’s gains today.
Gold for February was up $7 at $1074 an ounce.
The Commerce Department released a report before the start of trading showing that economic activity increased by more than previously estimated in the third quarter.
The report said real gross domestic product climbed by 2.1 percent in the third quarter compared to the previously reported 1.5 percent increase. The upward revision matched economist estimates.
The material has been provided by InstaForex Company – www.instaforex.com