Gold Rises But Trading Remains Highly Volatile. Safe Haven Not Immune to Market Collapse.

Gold Rises But Trading Remains Highly Volatile. Safe Haven Not Immune to Market Collapse.

Gold futures were rising 0.3% astatine $3,043.40 a troy ounce amid volatile aboriginal trading. Futures person traded arsenic precocious arsenic $3,084.40/oz and arsenic debased arsenic $2,985/oz implicit the people of Monday's session.

The precious metallic is traditionally a safe-haven asset, but it's not immune from the wider marketplace illness connected planetary maturation fears, ING analysts said successful a note.

Metal markets dropped Friday arsenic President Trump's commercialized warfare fueled worries astir request outlooks and growth. Gold has tumbled from Wednesday's grounds precocious of $3,201.60/oz arsenic investors sold disconnected the yellowish metallic alongside different plus classes, successful bid to screen losses elsewhere, ING said.