Spot gold was up 0.3% at $1,560.21 per ounce by 1120 GMT, after touching its highest since Jan. 10 at $1,562.51 earlier in the session. U.S. gold futures were flat at $1,560.30. “Investors are flocking towards gold in spite of a spike in equity markets mostly because of long-term uncertainties like political insecurity, probable equity market volatility in future, weak-earnings expectations and ultra-low interest rates,” Commerzbank analyst Eugen Weinberg said.
