Gold climbs for 2nd day on safe-haven buying

Gold edged higher for a second session on Thursday as worries over Europe and Egypt prompted safe-haven buying, but the mood remained cautious ahead of US jobs data that could determine the outlook for the Federal Reserve’s stimulus measures.

Bullion has gained nearly 2 per cent so far this week after posting its biggest quarterly loss on record, helped as well by short covering and bargain hunting.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1275222/gold-climbs-2nd-day-safe-haven-buying