Gold Price Rally Continues On Safe Haven Appeal

London (Feb 6)  Gold futures rose Monday morning, hitting the highest since November as geopolitical tensions inflated the precious metal's safe haven appeal.

The US and Iran have traded threats regarding Tehran's missile tests, while President Donald Trump's cozy relationship with Putin's Russia has many concerned.

Gold for April was up 8 dollars at USD1228 an ounce.

The Gallup US Consumer Spending Measure for January will be released at 8.30 am ET. In the previous month the measure was at USD105.

In economic news from Friday, the US generated 227,000 new jobs in January to mark the biggest gain in four months, the Labor Department said this morning. The unemployment rate rose to 4.8% as more Americans were looking for work.

Source: AllianceNews