As Jobs Data Loom, Investors Renew Push Into Gold Funds: Chart

Will the Price of Gold Continue to Rise?

After a monthlong pause when holdings plateaued, investors are piling into gold again. With prices near a three-week high, assets in exchange-traded funds have expanded for the past five days to 2,023.7 metric tons, the highest in three years. As investors await U.S. payrolls data due Friday for an insight into whether the Federal Reserve will tighten in 2016, Raleigh Finlayson, managing director of Australian producer Saracen Mineral Holdings Ltd., said: “I’d think the U.S. will struggle to raise interest rates in the short term.”

Before it's here, it's on the Bloomberg Terminal. LEARN MORE