The beatings were so severe and seemingly endless that people thought they would never stop. But halt they have, and gold has risen meaningfully for the first time in over a month.
Gold for February delivery on New York’s Comex settled Tuesday’s trade up $38, or 2.1%, at $1,818.90 an ounce. It was the first time that benchmark gold futures had risen 2% in a session since Nov. 5.
The spot price of gold, which reflects real-time trades in bullion, was up $37.17, or 2.1%, at $1,814.26 by 2:08 PM ET (19:08 GMT).
KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.