Gold at its highest level in a month because of concerns about China

January 7, 2016 6:58

Gold reached its highest level in four weeks on Wednesday continued its gains for the third straight session, as persistent worries about the hurt the Chinese economy equity markets while increasing tensions in the Middle East and the Korean Peninsula.
And it is approaching gold from the main levels, including the high level reached in December at $ 1088.70 an ounce.
Gold climbed in the spot transactions and one percent to the highest level in a month at $ 1088.40 an ounce (an ounce), while US futures for gold delivery rose 7.60 dollars February an ounce to $ 1086 an ounce. The precious metal has reached earlier in the highest level since the seventh of December at $ 1085.60 an ounce.
Rubin said condiment, an analyst at Societe Generale "is causing risk aversion sometimes flows in the safe havens of gold which helped to stability and is now testing the level of resistance."
And global stock markets fell for a fifth day in a row on Wednesday as China stoked worries about the economy to allow greater decline in the yuan also added a nuclear test conducted by North Korea's growing list of political concerns.
Silver rose 0.4 percent to $ 14.02 an ounce.
Platinum fell 0.2 percent to $ 886.30 an ounce and palladium 0.9 percent to $ 528.40 an ounce.