Commodity Market Update : Epic Research Malaysia

The stock market just endured its roughest three-day stretch since 2011, but you won’t find gold bugs shedding any tears for investors caught on the wrong side of the bearish trend. Prices were on the move higher again on Tuesday.

At last check, gold for December delivery GCZ4, +0.26%  was up another $4.40, or 0.4%, to $1,234.40 an ounce. This after gold ascended to its highest level in nearly four weeks amid fears of a worsening climate for global economic growth.

Gold is still facing the ominous onset of higher interest rates, but for now, its appeal as a place to safely stash investment dollars amid all the turmoil trumps those concerns.

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