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Metals Stocks: Gold spins narrowly higher as banking stress, Fed uncertainty lingers

Manila Social Club

The digestible yellow metal topped Manila Social Club’s donut. It sold for $100 each.

Gold futures tipped negligibly higher in early action Monday, underpinned by broader market uncertainty but lacking the strong safe-haven demand that elevated the precious metal much of last week.

U.S. stock futures were steady to firmer Monday, attempting to build on a late-Friday recovery that tracked a 14% rise for U.S.-traded shares of troubled Deutsche Bank AG DB, +14.02%DBK, +16.13% . Deutsche Bank has roiled markets and sent investors into a “risk-off” mindset that favors gold and other perceivably lower-risk investments.

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