Gold Supported On Safe-Haven Demand Amid Anxious World Markets

Monday January 04, 2016 08:12

(Kitco News) - Gold prices are higher on safe-haven demand Monday as there is anxiety in the marketplace to start the trading week and the new trading year. World stock markets are under selling pressure partly due to rising tensions in the Middle East. Saudi Arabia executed what it said were terrorists over the weekend, including an Iranian cleric, which enraged Iran and other Arab nations. Saudi Arabia has cut diplomatic ties with Iran after its embassy in Iran was attacked.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff

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TIME
Sydney	Tokyo	Ha Noi	HongKong	LonDon	NewYork

Gold Price at ABCBULLION Foreign exchange rates at CommonWealth Bank Foreign exchange rates at ANZ Bank

Prices By NTGOLD
We Sell	We Buy
37.5g ABC Luong Bar
4,593.50	4,243.50
1oz ABC Bullion Cast Bar
3,822.00	3,482.00
100g ABC Bullion Bar
12,195.60	11,245.60
1kg ABC Bullion Silver
1,651.90	1,301.90