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Bullion rises to six-month high

03-14-2014 16:32 BJT

Gold has risen to a six-month high due to fears of an economic slowdown in China.

Lingering worries about Russia's standoff with Ukraine over Crimea is also adding to gold's luster right now with investors. That's according to preliminary Reuters data on Thursday that showed U.S. gold futures for April delivery settling up $1.90 to reach 1,372.4 U.S. dollars an ounce.

Trading volume was strong for a second day at more than 200,000 lots, or about 30 percent above its 30-day average.

But earlier in the session, spot gold prices did fall a bit on better-than-expected U.S. retail sales data. That supports expectations that the Federal Reserve will continue tapering its stimulus program.


Editor:James |Source:

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