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Goldplat plc

Gold gains as poor euro zone data stokes risk-off sentiment

Gold prices rose on Friday as disappointing economic data from the euro zone added to concerns of a slowdown in global growth and drove investors away from riskier assets.

Spot gold was up about 0.15 percent at $1,311.31 per ounce, while U.S. gold futures gained 0.31 percent to $1,311.30.

“It’s about the weakness in the economy in the euro zone and outlook for interest rates which makes holding gold more attractive,” said Quantitative Commodity Research analyst Peter Fertig.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.