Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Gold is seen trading around the $1,220 per troy ounce mark at the end of this week's session. In its previous session, it had initially touched the $1,200 mark by mid-day and held its ground above this threshold. Subsequently the gold price advanced to $1,240 during late trading. In euro terms, gold scaled up to nearly €1,120 per troy ounce, hitting a ten month high. The price rise comes along as the oil prices decline, suggesting higher risk aversion among market participants.
Gold ETF inflows provided further support to gold price as it witnessed an inflow of 5.3 tons yesterday. Since January, gold ETF holdings have grown by 154 tons, thus this year's ETF inflows have already surpassed the outflows of last year which was at 138 tons.
Hence, gold remains in demand amid growing financial market turbulence. The central banks have increased their gold reserves as China purchased 16 tons and Russia acquired 13.6 tons of gold in January.
