Approaching its peak… gold rises as demand for safe havens escalates

Continue Goldgains today supported by demand for safe-haven assets, with investors awaiting US jobs data for insights into Federal Reserve policy (US Central Bank) regarding Interest rates.

Gold rose in spot transactions 0.8% to $4,485.39 per ounce (ounce), after jumping nearly three percent in the previous session.

Silver prices

US gold futures for February delivery rose one percent at settlement, recording $4,496.10.

As for other precious metals, silver rose in spot transactions. 5.4% to $80.68 per ounce, while platinum in spot transactions rose 7.2% to $2,435.20 per ounce, while palladium rose 5.9% to $1,821.68 per ounce.

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