Gold Heads for Best Quarterly Rally in 25 Years on Haven Demand
This article is for subscribers only.
Gold headed for the biggest quarterly advance since September 1990 as demand for haven assets surged to make the metal this year’s best performing major commodity.
Bullion for immediate delivery rose 0.5 percent to $1,230.86 an ounce by 3:22 p.m. in Singapore, according to Bloomberg generic pricing. The metal is up 16 percent since the start of January in the first quarterly gain since June 2014.