13 Jan 2016
Gold advances for first time in four days
FXStreet (Córdoba) - Gold prices advanced on Wednesday, reversing most of its previous day’s losses, as sentiment stabilized in financial markets.
Gold had fallen for three consecutive sessions, losing nearly 2%, before turning higher. On Wednesday, the metal has climbed 0.6% to $1,091 an ounce. It earlier fell below $1,080 an ounce to hit its lowest level in a week.
The metal had fallen during the previous sessions amid a stronger dollar and better appetite for risk, which tempered the appeal of gold as a safe-haven.
Gold had fallen for three consecutive sessions, losing nearly 2%, before turning higher. On Wednesday, the metal has climbed 0.6% to $1,091 an ounce. It earlier fell below $1,080 an ounce to hit its lowest level in a week.
The metal had fallen during the previous sessions amid a stronger dollar and better appetite for risk, which tempered the appeal of gold as a safe-haven.