Gold futures nudged higher Tuesday, settling at their highest level in about two weeks, amid increased appetite for safer assets.
U.S. stocks steadied after yesterday’s blougeoning, but traders remained cautious about the outlook for the global economy.
With little economic data to chew on, traders kept an eye developments in the Middle East, where tensions between Iran and Saudi Arabia risk escalating to a wider conflict.
Feb. gold was up $3.20, or 0.3%, to settle at $1,078.40/oz on Comex. Prices touched a 6-year low of $1045 early in December.
The material has been provided by InstaForex Company – www.instaforex.com