Gold hovers near 3-month peak as equities plunge

Gold prices firmed early on Thursday, hovering near a more than three-month high reached earlier this week, as the US dollar eased and Asian stocks slumped after Wall Street surrendered all its gains for the year.


Spot gold was up 0.2 per cent at $1,236.43 an ounce at 0107 GMT, not far off Tuesday’s $1,239.68, the highest since July 17.

US gold futures were up 0.6 per cent at $1,238.50 an ounce.


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