Metals Stocks: Gold trades near 3-month high as stocks stumble anew

Gold futures edged higher Friday, finding apparent haven-related demand as global equities saw renewed pressure.

December gold futures GCZ8, +0.27% rose $3.70, or 0.3%, to $1.236.10 an ounce and were on track for a 0.6% weekly rise. For the month, gold is up 3.3%. December silver SIZ8, +0.10% was up 0.5 cent at to $14.635 an ounce.

“Gold’s impressive performance of late, coming amid [U.S. dollar] strength, suggests that gold finally is behaving like a safe-haven asset,” said Robin Bhar, analyst at Société Générale, in a note.

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