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Gold gains on safe-haven demand as equities fall, U.S.-Iran tensions linger
Gold prices gained on Friday, rebounding from a sharp selloff in the previous session, as global equities fell and U.S.-Iran tensions lingered, while the CME Group raised margins on precious metals to counter risk. Spot gold rose 1.9% to $4,859.43 per ounce by 0923 GMT, while U.S. gold futures for April delivery fell 0.1% to $4,883.10 per ounce. "I do see a bit of a safe-haven investment coming in, but bear in mind that there is still some caution after last Friday's selloff... we still have this fear about Iran-U.S. tension that is still intact," said Kelvin Wong, a senior market analyst at OANDA. "It's ... (full story)
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