Gold prices rise as rally in shares loses steam


By Sethuraman N R(Reuters) - Gold prices edged up on Thursday, after touching their highest since September in the previous session, buoyed as a rally in equities appeared to falter.Spot gold was up 0.1 percent at $1,317.93 an ounce by 0655 GMT. On Wednesday, it marked its lowest since Sept. 15 at $1,326.

56 an ounce.U.S. gold futures were down 0.1 percent at $1,319.10 an ounce."Rising oil prices and strong global growth suggest gold will remain supported as investors look for inflation protection," said Stephen Innes, APAC head of trading at.....

This article is no longer available in our repository.

There could be multiple reasons for this.