Gold Rises to Three-Month High on Global Economic Fears

Finance and Trade
04/02/2016 08:40

Gold prices are continuing to climb, passing a new three-month high early Thursday to around $1,140 an ounce. Gold prices, an important factor for jewelry makers in their jewelry-manufacturing decision, have received support due to global growth concerns and as sharp falls in oil prices have pushed investors towards safe-haven assets. Gold has become the best performing asset of the year, rising by more than 6% this year, while stock exchanges in the United States and Western Europe have fallen by the same level or more, hit by a slowdown in China and a collapse in prices of commodities that appear to indicate slowing global demand.