Economics
Gold Stages Comeback, Erasing 2015 Losses on View Fed May Delay
- Prices climb to highest level since June as dollar declines
- Holdings in ETPs heading for fourth gain in five weeks
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Go ahead, call it a comeback: gold just erased its 2015 losses.
The metal jumped to the highest in more than three months on Thursday as evidence that economies are slackening from China to Europe damped expectations the Federal Reserve will soon raise interest rates. Signs of stagnating U.S. inflation and retail sales added to the case to keep rates low, which revives the appeal of gold as a store of value.