Stock market traders backed bullion as they tried to recover losses from riskier investments putting the metal at a three-month high.
Spot gold has seen four weeks of gains as it reached 0.2 percent to $1,234.35 an announce having earlier gained almost one percent, reported CNBC.
The figure is the highest the asset has been at since mid-July while US gold futures settled at $1,235.80 an ounce.
Goldplat plc (LON:GDP) is an AIM quoted gold producer with two market leading recovery operations in South Africa and Ghana and an operational gold mine in Kenya. The Company produced 42,857 ounces of gold during FY 2017, with 40,285 gold equivalent ounces sold and transferred, resulting in an operating profit from continuing operations of £2.9m for the year. This result does not benefit from the increased processing capacity that was achieved at the Kilimapesa Gold Mine towards the end of FY 2017, with operational profitability achieved during last two months of FY 2017. Accordingly, the Company believes it is well placed to build upon production and profitability during FY 2018.