JNUG - Gold maintains gains amid broader market selloff

Gold is one of the rare areas enjoying gains so far today, finding some safe-haven appeal amid weak equity markets and inflation concerns.Comex gold (XAUUSD:CUR) +0.9% to $1,885/oz., but silver (XAGUSD:CUR) -1.1% to $28.02/oz.; platinum and palladium also are lower.ETFs: [[GLD]], [[SLV]], [[GDX]], [[GDXJ]], [[NUGT]], [[IAU]], [[JNUG]], [[PSLV]], [[SIL]], [[GGN]], [[PHYS]]Shares of top precious metals miners are mixed: [[NEM]] +0.4%, [[GOLD]] flat, [[AUY]] -0.4%, [[KGC]] -1.5%, [[AU]] +3.7%."There's a lot of turmoil in the global equity markets, so there's flight to safety," Bob Haberkorn, senior market strategist at RJO Futures, tells Reuters. "The markets are also pricing in the Fed to be dovish," although the Fed will not change its stance on inflation right now."With investors sounding the alarm over inflation, institutional interest in the precious metals complex is likely to continue rising following months of outflows," TD Securities says.Gold's current trading range is "very healthy" for cash flow and profitability

For further details see:

Gold maintains gains amid broader market selloff