Monday, 16 November 2015

Gold rises on safe-haven bids after Paris attacks

Gold rose on Monday as investors sought safety in the metal following Friday's deadly attacks in Paris and a risk-off sentiment that sent US stock futures lower. 
 * Spot gold rose 0.6 percent to USD 1,089.40 an ounce by 0032 GMT.
 * US gold rose 1 percent to a session high of USD 1,091.70. In the first 10 minutes of trade, just under 3,000 lots changed hands, which is equivalent to USD 316 million. 
* That's almost 10 times the 300-lot average for the opening 10 minutes over the past two months, according to Reuters calculations 
* Silver, platinum and palladium all gained about 1 percent each. 
* Multiple attacks in Paris on Friday killed more than 130 people, prompting France to launch air strikes in Syria against Islamic State, which claimed responsibility for the attacks. 
* At a G20 summit in Turkey, US President Barack Obama vowed to step up efforts to eliminate Islamic State and prevent it carrying out attacks like those in Paris. EU leaders urged Russia to focus its military efforts on the radical Islamists.

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