by Jan Skoyles, TheRealAsset.co.uk
Despite the gold price breaking its five-week winning streak last Friday, thanks to the US payroll data, it is back in safe-haven mode due to an escalation of the Ukraine crisis and concerns over the Chinese economy.
Whilst gold climbed 0.7% overnight, the silver price took off by more than 1%, having touched $20.61, its lowest since Valentine’s Day.
Gold ETF holdings climb by most in a month
Yesterday the SPDR Gold Trust, the largest gold ETF in the world, saw its largest inflow in a month of 7.5 tonnes taking total holdings to 812.70 tonnes.
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