Gold turns higher on safe-haven demand (Córdoba) - Gold has surged within the last hours, reversing earlier losses and climbing to fresh highs, benefited by its safe-haven status with cautious mood taking control of financial markets.

The yellow metal gained over $15 during the New York session and printed a high of $1677.47 an ounce in recent dealings. However, from a wider view, gold remains within its recent range between $1652/$1683, an inside day, after very sideways sessions last week.

Gold for April delivery is currently trading at the $1675/oz area, 0.4% above its opening price, having been as low as $1661.80 today.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.