Gold prices rise amid decline in equity markets

Mubasher: Gold prices slightly increased on Friday amid a decline in global equity markets as investors avoided risks and resorted to the safe-haven precious metal.

At 3:50GMT, spot gold prices on London Metal Exchange rose 0.5% to $1,232.4 per ounce.

Gold futures on New York Mercantile Exchange (NYMEX) increased 0.3% to $1,233.5 per ounce.

 

Mubasher Contribution Time: 19-Feb-2016 15:55 (GMT)