Friday 8 January 2016

Gold futures score five session gains in a row

Gold futures rallied on Thursday for a fifth session in a row, as global-market and geopolitical turmoil triggered more safe-haven buying.

The precious metal was one of the few bright spots on a day when concerns over the Chinese economy pummeled equity markets and commodities around the world.

February gold GCG6, -0.78%  climbed $15.90, or 1.5%, to settle at $1,107.80 an ounce on Comex. Prices had already posted gains in each of the last four sessions and on Thursday, marked their highest settlement since Nov. 3.

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