Gold prices rose Wednesday morning as demand for safer investments and safe havens such as gold rose as stock markets fell on the future of global economic growth. Gold rose 0.1% to $1283.61 an ounce nears a six-month high of $1284.09 on Monday. Gold futures in the US rose 0.3% to $1.284.80 an ounce.
This came after Asian stocks fell on the first day of the New Year as disappointing economic data from China, the world's second-largest economy, led to a blackout and wiped out early gains in US equities futures.
