Gold softens slightly, ETF holdings inch up

Gold prices softened on Monday but remained within sight of a two-month high above $960 touched in the previous session, retaining their sheen in the face of a weaker dollar.

Crude oil’s rise to a six-month high has also benefited gold, which is often bought both as an alternative to the dollar and as an inflation hedge.

Gold markets showed little initial reaction to a report by South Korea’s Yonhap news agency that quoted a ruling party official as saying North Korea conducted a nuclear test on Monday…… Full Story

 Email This Post