Gold futures rose for the third time in four sessions as the U.K.’s fallout over Brexit eclipsed a global stock market rally.
The metal is heading for a fifth week of gains as the U.K. parliament is mired in turmoil surrounding the terms of leaving the European Union. Haven demand helped boost holdings in exchange-traded funds backed by bullion to a 13th straight gain and the highest since May. In the cash market, platinum, trading near a decade low, is near the cheapest ever relative to gold.
Gold futures for Feb. delivery +0.4% to settle at $1,293.80/oz at 1:34pm on the Comex in N.Y.
Source : Bloomberg