Gold soars amid safe-haven demand

FXStreet (Córdoba) - Gold has advanced strongly on Thursday as mixed US data and lingering concerns over global growth outlook fueled appeal for safe-haven assets.

Spot gold rose more than 2% an ounce, breaking above the 100-day SMA and reaching its strongest level in a month at $1154.00/oz.

Market’s attention now turns to Federal Reserve Chair Janet Yellen, who is due to speak Thursday afternoon.