Gold edged higher on Thursday on persistent worries about euro zone debt woes and slower global growth, defying a rebound in the dollar.
The dollar index rose nearly 0.4 percent, after dropping to a three-week low in the previous session,
Brent crude fell 0.2 percent on Thursday, staying below $111 a barrel as ongoing concerns over Europe's debt crisis and a firmer dollar drew investors away from riskier assets like oil and into the safe havens of gold and the Swiss franc.
The Swiss franc surged to new all-time highs against the euro and the dollar in volatile trade on Tuesday, while the Japanese yen held firm
Investors unwound leveraged trades funded in the dollar and the yen as global stocks, as measured b
Gold traded within sight of record highs on Tuesday after a last-minute deal to avoid an unprecedented US debt default and the first bullion purchase by Korea in 13 years, against a backdrop of growing economic pessimism.
Gold defied the s
World stocks ended lower yesterday as investors piled into safe havens on worries about sovereign debt crises on both sides of the Atlantic and after data showed meagre growth in the US economy.
The Swiss franc, a traditional safe-haven cu
Dubai Holding Commercial Operations Group (DHCOG), a unit of the conglomerate owned by Dubai's ruler, on Thursday said it had repaid a 250 million Swiss franc ($305 million) bond, maturing on July 14.
"Dubai Holding Commercial Operations G