Gold News

Gold Prices hit five month high

Gold Prices have hit their highest point in almost five months, it has been revealed.

Prices for the precious metal reacted well to the softening of the US dollar in conjunction with the commodities established safe-haven qualities.

Reuters states: "Gold futures hit their strongest level in nearly five months, as the recent safe-haven buying got an added boost from a softer US dollar."

Meanwhile, MarketWatch has suggested that the fluctuations in the financial fortunes of Europe is having a significant impact on Gold Prices, with the safe-haven factor becoming particularly prominent.

The news provider said: "Gold prices rose … as investors continued to flock to the metal as a hedge against concerns including the economic trouble roiling Europe."

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