Gold News & Info

Source: Bill Musgrave, American Gold Exchange

Austin— Gold gained 0.4%, closing near $1,249 after hitting an intraday high above $1,260, as terrorist attacks in Brussels rocked global markets and boosted demand for safe havens.

The Islamic State claimed responsibility for coordinated bombings this morning at Brussels' main airport and a subway station, killing at least 30 people. U.S. and global equities plunged initially before rebounding to moderate losses late in the session.

Capping gold's gains, the dollar rose 0.3% against major rivals as investors sought safety after the terror attacks. The British pound was especially hard hit, falling to a three-week low against the dollar on worries that Britain may now be more inclined to exit the Eurozone at the referendum coming this spring. A stronger dollar weighs on gold and other commodities by making them more expensive overseas.

The other precious metals tracked higher with gold. Silver picked up 02% while platinum and palladium climbed 1.5% and 0.4%, respectively.

At the come close: April gold gained $4.40 to $1,248.60; May silver added 4 cents, to $15.89; April platinum jumped $15 to $996.80; and June palladium tacked on $2.65, to $605.60 an ounce.