Gold prices hit near 12-week high as falling markets burnish appeal
U.S. gold futures were up 0.8 percent at $1,231.80 an ounce. "There is a huge change in sentiment when it comes to the yellow metal because it is playing the role of a safe-haven asset here. We see fund flows from the equity markets going into gold," Think Markets UK chief markets analyst Naeem Aslam said.
Gold prices jumped nearly 1 percent on Monday to hit a near 12-week high as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-US trade war. Image source: Reuters