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Mideast risks cushion safe-haven gold despite strong US data
Gold ticked higher on Thursday as steady safe-haven demand fuelled by the Middle East conflict helped bullion weather pressure from strong U.S. data that quelled recession fears. Spot gold XAU= was up 0.3% at $1,986.39 per ounce by 1:50 p.m. ET (1750 GMT). Earlier in the session, prices were just shy of the five-month high hit on Friday. Gold ticked higher on Thursday as steady safe-haven demand fuelled by the Middle East conflict helped bullion weather pressure from strong U.S. data that quelled recession fears. Spot gold XAU= was up 0.3% at $1,986.39 per ounce by 1:50 p.m. ET (1750 GMT). Earlier in the session, ... (full story)