Gold climbed towards a five-month high on Monday as an electoral win by Greece's anti-austerity party sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion.
Greek leftist leader Alexis Tsipra
Gold struggled on Wednesday to hold near a 12-week high as a rout in commodities such as oil and copper took a toll on the metal, offsetting safe-haven bids arising from global growth concerns.
Oil added to losses on Wednesday to
Pension funds and global central banks will ensure gold remains a "robust" market in 2010 as they invest in the metal as part of their wealth preservation strategies, the World Gold Council said on Wednesday.
"Last year we saw a very notic
Gold dipped below $900 today (April 28), off a near four-week high hit the previous day, after the dollar gained against the euro and speculative buying sparked by fears of a global flu pandemic receded.
Investors shifted their attention t