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Proactive Investors Commodity Watch www.proactiveinvestors.com.au/

Proactive Investors Australia delivers insights on global commodity markets, along with the impact on local market sectors.

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Gold remains a shining beacon among commodities

Tuesday, March 01, 2016 by Proactive Investors

Gold continued to climb overnight

Gold continued to climb overnight

Gold continued to climb overnight, with the April contract in New York jumping 1.6% to US$1239.60 an ounce.

Not even disappointment with the latest moves by the Indian government to curb the country’s insatiable demand for the metal could dampen spirits.

The metal is up around 15% so far in 2016.

Highlighting demand, assets in SPDR Gold Trust climbed to 762.41 tonnes on Friday.

This is the highest level in 12-months.

 

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