Gold at $1340 on Fund Inflows

Gold was steady near $1,340 an ounce on Tuesday as fears of an economic slowdown in China and Ukraine’s geopolitical crisis keep investors seeking safe-haven bullion.

In a sign of investor confidence in the precious metal amid global uncertainties, the world’s biggest bullion-backed exchange-traded fund saw its largest inflow in a month on Monday.

Spot gold had inched up 0.07 percent to $1,339.45 an ounce by 0024 GMT.

CNBC

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